Canada: Tax facts for 2020-2021

Canada: Tax facts for 2020-2021

The KPMG member firm in Canada has prepared “tax facts”—a reference providing “quick” tax information for corporations and individuals.

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Read the 2020-2021 tax facts [PDF 3.67 MB] which is current to April 30, 2020 (unless otherwise noted).

The information provided covers:

  • Temporary tax deadline extensions and select financial measures implemented in response to COVID-19 in Canada and the United States
  • Canadian and U.S. corporate income tax rates
  • Individual combined top marginal tax rates for salary, interest, capital gains, and dividends
  • Federal and provincial individual (personal) tax rates, brackets, surtaxes, and credits
  • Federal and provincial sales tax rates
  • Payroll and health taxes

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

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