Get a reduced tax rate if you own a Canadian-controlled private corporation with revenues of less than $500,000.
The SBD reduces the corporate income tax that a corporation would otherwise have to pay in a taxation year throughout which it was a Canadian-controlled private corporation (CCPC). A corporation’s SBD for a taxation year is generally calculated by multiplying its SBD rate by the lesser of its:
- income for the year from an active business carried on in Canada, excluding certain income and exceeding certain losses;
- taxable income for the year; and
- business limit for the year.
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