Federal corporate tax rates for 2011

The general federal corporate tax rate and the rate applied to income from manufacturing and processing is reduced from 18.00% to 16.50%, effective January 1, 2011.


The small business tax rate remains at 11.0% and the federal small business limit is unchanged at $500,000.


The general corporate tax rate change will be pro-rated for corporations having non-calendar-year year-ends.


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