Canada

At a glance

Corporate Income Tax Rate (Federal plus Provincial)  
Federal (Ontario) 26.5 %
Tax rate applied on capital gains (Ontario) 26.5 %
Tax rate applied on branch profits (Ontario) 26.5 %
   
Other taxes (e.g. local or state tax) no
   
Withholding taxes (standard rates - subject to further reduction by a DTA)  
on dividends 25 %
on branch profit remittance 25 %
on interest 25 %
on royalties 25 %
   
Non-capital loss carryback period 3 years
Non-capital loss carryforward period 20 years
   
Net capital loss carryback period 3 years
Net capital loss carryforward period Indefinitely

Introduction

Canada is a country, consisting of ten provinces and three territories, in the northern part of the continent of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles) in total, making it the world's second-largest country by total area and the fourth-largest country by land area. Canada's common border with the United States forms the world's longest land border. (Source: Wikipedia)

Publications

CTA Members in Canada

David Hogan David Hogan
Telephone: +1 416 785 1150 E-Mail: david.hogan@corptax.org
Irina Oks Irina Oks
Telephone: +1 416 488 2345 E-Mail: irina.oks@corptax.org

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