Canada: Tax facts (2015-2016)

Canada: Tax facts (2015-2016)

This annual guide, prepared by the KPMG member firm in Canada, provides "quick answers," in tabular format, to many practical questions that arise during the tax and financial planning process. This report will be subject to regular online updates as tax changes occur.

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This report provides information (as of 30 June 2015) for corporations, such as:

  • Canadian and U.S. corporate income tax rates
  • Federal and provincial tax incentives for R&D and manufacturing and processing activities 
  • Tax instalment requirements, filing deadlines, prescribed interest rates and penalty provisions
  • Federal and provincial sales tax rates and other taxes and levies

Relevant information for individuals includes:

  • Individual combined top marginal tax rates for salary, interest, capital gains and dividends
  • Federal and provincial individual (personal) tax rates, brackets, surtaxes and credits
  • Non-resident withholding tax rates for treaty countries
  • RRSPs, benefits, deductions, rebates and more

 

Read the 2015 report prepared by the KPMG member firm in Canada.

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