Corporate Income Tax
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| Department of Finance Corporate Income Tax |
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New Brunswick's corporate income tax is administered and collected by the federal government through the Canada Revenue Agency. New Brunswick corporate income tax rates are applied to federally defined New Brunswick taxable income.
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2000 17.00% |
2001 16% |
2002 (July 1,2002) 14.50% |
2003 13% |
2004 13% |
2005 13% |
2006 13% |
2007 (January 1, 2007) 13% |
Small Business Rate Small Business threshold |
2000 4.50% $200,000 |
2001 4% $300,000 |
2002 (July 1,2002) 3.50% $350,000 |
2003 3% $400,000 |
2004 (July 1, 2004) 2.50% $425,000 |
2005 (July 1, 2005) 2% $450,000 |
2006 (July 1, 2006) 1.50% $475,000 |
2007 (January 1, 2007) 5% $400,000 |
The small business rate applies to active business income of Canadian controlled private corporations (CCPCs) up to the threshold amount of active business income. The benefit of the small business rate is reduced for CCPCs with taxable capital of more than $10 million and is not applicable to CCPCs with more than $15 million in taxable capital. The general corporate income tax rate is applied to all other corporate income.
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2007 |