General Question

brettvdb's avatar

How much tax does a company have to pay in canada on its operating income?

Asked by brettvdb (1192points) November 13th, 2009

If operating income is $5,080,686, how much tax is this subject to in Canada?

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4 Answers

reacting_acid's avatar

I think it would be around 40 % It would probably be pretty high. I don’t know the exact # though

brettvdb's avatar

All I could find is 20% for the first 200,000, and around 33% after that.

reacting_acid's avatar

I am not the expert on these sort of things.In fact, this information was told to me in passing. I do not know how much it is. I think the information would probably be on wikipedia or somewhere on google. I hope you find the information! Good luck

gailcalled's avatar

Aren’t there gov’t taxes and separate additional provincial taxes? My daughter now lives in BC and complains bitterly about the VAT on everything.

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