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Small Business Tax Rate Calculator for 2023

How to calculate your Canadian Small Business Tax Rate in 2023 Financial Year.

How it works

We strive to provide you with the most robust tools possible, noting that there are many variables to consider, assumptions to be made, legislative changes to incorporate, and limitations to online calculating. The results of this calculator should provide for a useful estimate, but the end result may not be exact. For example, the calculation associated with the Small Business Deduction (“SBD”) tax rate, assumes Net Income for Tax Purposes is $500,000 or less. There may be different factors that may adjust Net Income for Tax Purposes above the SBD limit. In addition, please review the following assertions:

The calculated tax rate is the combinded Federal and Provincial Tax Rate.

Where Days in the Calendar Year are less than 365, you will need to also select a Stub Period Tax Rate to compute the correct combined rate.

Saskatchewan has a SBD Limit of $600,000. However, this calculator uses an SBD limit of $500,000 based on Net Income for Tax Purposes.

The Multi-Jurisdiction Tax Rate and Stub Period Tax Rate calculation are based on rates associated with General Income not eligible for SBD (M&P non-SBD Rate Variance: ON 1.5% Lower, SK 2% Lower, YK 9.5% Lower) 

We can help provide a more exact tax rate, if assistance is required.

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Dan Hofstadter
Dan Hofstadter
CEO, Hofstadler Analytical Services
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We have worked with Nick Coburn for over two years, and have found him to be attentive, competent, and most of all, trustworthy. His ethics are beyond reproach, and he is a pleasure to work with.​
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Majestic Colours
CEO
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Nicholas Coburn is truly your ideal Tax and Accounting professional. I have dealt with many Tax businesses, but his company Strat-G Tax stood apart quite clearly. I found him to be very genuine, knowledgeable and helpful. He is very eager to provide that which matters to your individual tax and accounting needs. I do not have the words to express my sincere satisfaction for his services and integrity. I strongly recommend him to any individual or business looking for his services. Thank you Nicholas!
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