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    This guide deals with the various tax concessions that are available for small business taxpayers. Based on the law as at 30 June or 1 July 2017 as appropriate for Example: A CCPC earns income from an active business carried on in Canada and has taxable income of $650,000 for its fiscal period ended December 31, 2016. The income eligible for the small business deduction ($500,000) will be taxed at the lowest federal tax rate of 10.5%. The $150,000 balance will be taxed at a rate of 15%.

    tax guide for small business 2017

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    tax guide for small business 2017

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    The Small business corporation tax rates for financial years ending between 1 April 2016 and 31 March 2017: Taxable income Tax rate. R 0 - R 75,000 - No income tax payable Notice, regarding Small business deduction for credit unions, as per section 7(4) of The Income Tax Act (Manitoba) Federal Corporate Income Taxes. The federal corporate income tax is assessed on national corporate taxable income. The 2017 and 2018 general corporate income tax rates are 15.0%. The small business limit is $500,000.

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    tax guide for small business 2017

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    tax guide for small business 2017

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    tax guide for small business 2017

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    Small business taxes; Beginner's Tax Guide for the Self-Employed. 2017. Get tips based on your tax and credit data to help get you to where you want to be: - 1 - CONTENTS. INCOME TAX RATES 2 DIFFERENT TYPES OF ENTITIES TAX REBATES 2 Small business corporations 24 TAX THRESHOLDS 2 Personal service providers 26

    2017 Corporate Income Tax Rates. The following table shows the general and small business corporate income tax rates federally and for each province and territory for 2017. The small business rates are … Notice, regarding Small business deduction for credit unions, as per section 7(4) of The Income Tax Act (Manitoba) Federal Corporate Income Taxes. The federal corporate income tax is assessed on national corporate taxable income. The 2017 and 2018 general corporate income tax rates are 15.0%. The small business limit is $500,000.

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