close
Share with your friends

Ontario Drops Small Business Tax Rate for 2020

Ontario Drops Small Business Tax Rate for 2020

Ontario’s Minister of Finance Rod Phillips announced that Ontario will decrease the small business tax rate to 3.2% (from 3.5%).

1000

Related content

​Ontario's Minister of Finance Rod Phillips announced that Ontario will decrease the small business tax rate to 3.2% (from 3.5%). The province's Fall Economic Update, released on November 6, 2019, also increases the non-eligible dividend tax rate for individuals and reduces the tax rate on aviation fuel for certain northern regions. These changes are effective as of January 1, 2020.

Download this edition of the TaxNewsFlash to learn more.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal