Canada: Proposal to reduce small business rate | KPMG Global
Share with your friends

Canada: Proposal to reduce small business rate, other tax changes

Canada: Proposal to reduce small business rate

The Department of Finance on 24 October 2017 announced a proposal to reduce Canada’s small business tax rate.


Related content

The update also proposes to make adjustments to the dividend tax credit rate and to enhance the Canada child benefit, among other changes. Finance recently announced that it would reduce its small business tax rate along with other changes it intended to make to its proposals on the taxation of private companies. This update reaffirmed Finance’s intentions to clarify and cancel certain aspects of these proposals, but it did not provide any further information.


Read an October 2017 report prepared by the KPMG member firm in Canada

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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.

Connect with us


Request for proposal