Small Business Deduction
All of Canada
Government of Canada, Canada Revenue Agency
Funding Amount
Reduced federal corporate tax rate of 9% on up to $500,000 of active business income
Program Contact Details
Email information unavailable
Contact details unavailable
What is this funding for?
Small business tax credit
Program Description
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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