Quote:
Originally Posted by Reed Solomon
did they double the big business tax to do that?
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No. The rate is currently 12%. It was to be reduced to 11% January 1st, but that has been postponed until a time when the books return to surplus. The goal of the Government of Canada is to have the the federal tax rate at 15% (that will come into being January 1st, 2012 - the rate is currently 18% and it will be 16.5% as of January 1st 2011) and the provincial rates at a uniform 10%. The only province that currently has a 10% corporate tax rate is Alberta, with BC close behind at 10.5% and New Brunswick at 11%.