Canada

Paying Taxes in

Canada

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 185 economies. The most recent round of data collection was completed in December 2011.

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Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Federal income tax 1 online filing 45 11% on 1st CAD 400k, 18% on remaining income taxable profits 5.7
Property tax 1 online filing 3% assessed property value 5.1
Pension plan contributions 1 online filing 36 5% gross salaries 4.8
Workplace safety & insurance contributions 1 online filing 4% gross salaries 3.5
Employment insurance contributions 0 paid jointly 3% gross salaries 2.6
Provincial income tax 0 paid jointly 12%, reduced to 11.5% taxable profits 2.6
Health tax 1 online filing 2% payroll in excess of CAD 400,000 1.9
Fuel tax 1 fuel consumption 0.7
Ontario Retail Sales Tax (ORST) 1 online filing 8% insurance premium and leasing expenses 0
Harmonized sales tax (VAT) 1 online filing 50 13% value added 0 Not included
Totals: 8 131 26.9
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