| 2008/2009 COMBINED FEDERAL AND PROVINCIAL CORPORATE INCOME TAX
RATES |
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| FOR NEW BRUNSWICK |
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2009 |
2008 |
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NB |
NB |
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Small Business Limit |
$
400,000 |
$
400,000 |
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| Active
Income of Canadian. Controlled Private Corporations |
Below Federal Small Business
Deduction Limit |
16.0% |
16.0% |
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Over provincial small business
limit (Note 1) |
32.5% |
32.5% |
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| Investment income of Canadian Controlled Private Corporations
(Note 2) |
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47.7% |
47.7% |
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| Note 1 - This rate also applies to Public
companies or companies that do not qualify for the small business deduction
including foreign controlled corporations, carrying on business in the
province. |
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| Note
2 - it should be noted that 26.67% of the tax on
investment income is refundable at a rate of 33.33% of taxable dividends paid
to shareholders. |
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| **These amounts represent estimates based on legislation in
place at the time of compilation, therefore prior to making any decisions
based on this information, you should review your specific situation with
your accountant. |
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