Investment Income¹ – 2017

This document has been updated on October 24th, 2017 and reflects the state of the Law,
including draft amendments, at that date.

2017 % Combined % RDTOH2%
Federal 38.673
Provincial
Alberta 12.00 50.67 30.67
British Columbia 11.00 49.67 30.67
Manitoba 12.00 50.67 30.67
New Brunswick 14.00 52,67 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 11.804 50.47 30.67
Saskatchewan 11.755 50.42 30.67
Yukon 13.506 52.17 30.67

1 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 Since January 1, 2017 (11.9% before that date). Rate reduced by 0.1% per year as of January 1, 2017, to reach 11.5% on January 1, 2020.
5 Rate of 11.5% since July 1, 2017 (12% before that date). Average rate of 11.75% for 2017. Rate reduced to 11% as of July 1, 2019.
6 Rate of 12% since July 1, 2017 (15% before that date). Average rate of 13.5% for 2017.