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WebSmall- and medium-sized businesses are significant contributors to the Canadian economy. For context, in 2024, small businesses made up 98.1% of all employer businesses in … WebFor Canadian-Controlled Private Corporations (CCPCs)s eligible Small Business Deduction (SBD), the net tax rate 9% as of January 1, 2024. [1] The provinces or territories have a dual rate—a lower rate and a higher rate which is dependent on the corporation's income eligibility for the federal SBD. [1] Dual tax rates [ edit] thin black chain
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