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Government of Newfoundland and Labrador, Department of Finance
Reduced tax rate for Newfoundland and Labrador small business
A reduced provincial corporate income tax rate of 2.5% (down from 3%, replacing the general rate of 15%) applied to the first $500,000 of active business income earned in Newfoundland and Labrador.
Business Size: small
Region: Newfoundland and Labrador
Other Criteria: Canadian controlled private corporation (CCPC) throughout the tax year, maintains a permanent establishment in Newfoundland and Labrador, carries on an active business in Newfoundland and Labrador, qualifies for the federal small business deduction
Preview of what's included with full access:
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What's included
“Saved me several hours of research”
— New Business Owner, Vancouver
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This program is available to small businesses located in Newfoundland and Labrador.
This program offers funding up to $500,000.
The application deadline is January 1, 2024.
30-day guarantee · Secure checkout · Prices in CAD · No annual lock-in
“Saved me several hours of research” — New Business Owner, Vancouver