Canada: Industry Insurance: Corporate Income Tax Rates For 2012

The following rates, which have been pro-rated for a December 31, 2012 year end, apply to insurance companies. For Canadian-controlled private property and casualty insurers, lower rates may apply on up to $500,000 of active business income ($400,000 in Manitoba and Nova Scotia).

Footnotes

^{H Tax holidays are available to certain corporations.}

^{1. Recent and future income tax changes are outlined on pages 1 to 9.}

^{2. Ontario corporations that, on an associated basis, have gross revenues of $100 million or more and total assets of $50 million or more, may have a corporate minimum tax (CMT) liability based on adjusted book income. CMT is payable to the extent that it exceeds the regular Ontario income tax liability.}

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