Canada: Summary of tax rates, 2015-2016; financial statement implications

Tax rates in Canada for 2015-2016

Financial reports of corporations and other organizations may need to reflect certain 2015 income tax changes in year-end financial statements under International Financial Reporting Standards (IFRS), Accounting Standards for Private Enterprises (ASPE) or U.S. generally accepted accounting principles (U.S. GAAP).

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Read a January 2016 report [PDF 166 KB] prepared by the KPMG member firm in Canada: Tax Accounting — Handy Summary of Tax Rates for 2015-2016 

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