Investment Income¹ – 2016

2016 % Combined % RDTOH2%
Federal 38.673
Provincial
Alberta 12.004 50.67 30.67
British Columbia 11.00 49.67 30.67
Manitoba 12.00 50.67 30.67
New Brunswick 13.50 52,17 30.67
Newfoundland and Labrador 15.00 53.67 30.67
Northwest Territories 11.50 50.17 30.67
Nova Scotia 16.00 54.67 30.67
Nunavut 12.00 50.67 30.67
Ontario 11.50 50.17 30.67
Prince Edward Island 16.00 54.67 30.67
Quebec 11.905 50.57 30.67
Saskatchewan 12.00 50.67 30.67
Yukon 15.00 53.67 30.67

1 34,67 % before 2016. Investment income includes interest, taxable capital gains and other property income, but not deductible dividends.
2 Investment income of CCPCs gives rise to refundable dividend tax on hand (RDTOH) of 30,67 % (26.67% before 2016). This income tax is refundable at the rate of 38.33% when taxable dividends are paid (33.33% for dividends paid before 2016).
3 15% rate for non-CCPCs.
4 14% since April 1, 2016 (12% before that date). Average rate of 13.5% for 2016.
5 Since January 1, 2016 (14% before that date).
6 Rate reduced by 0.1% per year as of January 1, 2017, to reach 11.5% on January 1, 2020.