Businesses that meet the standards of a Canadian - Controlled Private Corporation (CCPC) pay the lower small business rate on the first $ 500,000 of active business income, and the general corporate tax rate beyond that. (canadianbusiness.com)
The NDP are proposing to increase the general corporate tax rate, but have not indicated by how much. (3dpolicy.ca)
While the general corporate tax rate in Canada is 15 per cent, CCPCs can use a lower 11 per cent rate for the first $ 500,000 of active business income. (macleans.ca)