Competitive Tax Rates to Help You Grow

The Canadian and Ontario governments are committed to providing a business-friendly tax structure so that your company can remain competitive. In fact, reductions in both Canadian and Ontario corporate tax rates have created one of the most competitive corporate tax rates in the world with total tax costs that are 48 percent lower than the U.S.

  • Competitive Income Tax Rates:
    Competitive Income Tax Rates: Our competitive income taxes are 12.4 percent lower than the U.S. average, and our combined Canada/Ontario corporate tax rate of 26.5 percent is below the level of most countries in the G-7.
  • Low Overall Tax Rates:
    According to the KPMG Competitive Alternatives 2016 Report, for overall tax rate the Toronto Region ranks ahead of cities like Paris, New York, Dallas, San Francisco, Boston, Los Angeles, Chicago and Tokyo.
  • Low Corporate Tax Rates:
    Canada ranks first in corporate tax rates in the Digital Services sector, and second in Research & Development services, with the government offering significant incentive support for R&D activities.
  • Manufacturing Cost Leader:
    In manufacturing, Canada ranks as having the second lowest business costs in areas such as agri-food, plastics, automotive, pharmaceuticals and green energy.