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xxxcam 05-04-2003 12:44 PM

incorporating in canada/toronto question
 
what's the tax % for incorporation in toronto ? i need incorporation for a paysite, how much will the tax be ? thanks..

gruffy 05-04-2003 12:46 PM

Quote:

Originally posted by xxxcam
what's the tax % for incorporation in toronto ? i need incorporation for a paysite, how much will the tax be ? thanks..

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PostWhore 05-04-2003 12:49 PM

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Monk 05-04-2003 03:37 PM

0 - $200,000 - 19%
200,000 - 280,000 - 28%
280,000+ - 43%

Those may not be exact for 2003 but were the rates for 2002 and should be pretty close to the figures for this year.

gruffy 05-04-2003 03:38 PM

Quote:

Originally posted by Monk
0 - $200,000 - 19%
200,000 - 280,000 - 28%
280,000+ - 43%

Those may not be exact for 2003 but were the rates for 2002 and should be pretty close to the figures for this year.


Uncle Ernie wants to drop the small tax bracket to 1 million by 2005 and reduce the rate to %4.

Somehow I doubt that will happen in my lifetime.


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