Corporate Income Tax
How do I find out how much Corporate Income Tax I owe?
For Canadian-controlled private corporations, the first $500,000 of their active business income is subject to the small business rate of 4%. Any income over this threshold is subject to the general rate of 11.5%. Canada Revenue Agency Corporate Income Tax Information.
Who can I contact if I have questions about Corporation income tax?
The Canada Revenue Agency (CRA) administers the NWT Income Tax Act. NWT residents with questions regarding their corporate tax return or business account can contact the Canada Revenue Agency’s toll-free dedicated telephone service for territorial residents at 1-866-841-1876 or visit the CRA website.
For more information, you can also refer to: