What Is the Federal Tax Rate for Corporations?

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Saskatchewan increased the province’s general corporate income tax rate to 12% (from 11.5%) effective January 1, 2018. (7) Quebec gradually reduces the general corporate income tax rate for active business, investment, and M&P income. The rate will be 11.7% in 2018, 11.6% in 2019 and 11.5% in 2020.