Paying Taxes in Canada

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Canada, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Provincial income tax1online filing-14.0%taxable profits12.7 
Federal income tax1online filing4711% on 1st $400,000 and 19.5% on remaining incometaxable profits11.2 
Property tax1online filing-4.4%assessed property value6.5 
Pension plan contributions1online filing365.0%gross salaries (maximum earnings of C$44,900)4.7 
Workplace safety & insurance contributions1online filing-4.3%gross salaries3.5 
Employment insurance contributions0paid jointly-2.4%gross salaries (maximum earnings of C$41,100)2.5 
Health tax1online filing-2.0%Payroll in excess of $400,0001.9 
Fuel tax1 - fuel consumption0.6 
Provincial sales tax1online filing-8.0%insurance premium and leasing expenses0.2 
Provincial capital tax0paid jointly-0.3% taxable capital in excess of $15 million0 
Value added tax (GST)1online filing365.0%value added and land sale not included
Totals:9 119  43.6 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.