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 Alberta Small Business Deduction  At1 Schedule 1  Alberta Finance    Finance Alberta 2012

2012-2025 Form

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hi today we are going to talk about what kind of tax rates are applicable on the canadian controlled private corporation if you're a small business owner or an incorporated professional then you must be aware of these tax fields so whenever your corporation makes a profit of less than five hundred thousand dollars you will be paying 11 tax on that but when that profit goes above and beyond 500 000 dollars in that case you're going to pay 23 tax so instead of 11 now you're paying 23 because you started making more profit in the corporation then once you have made those profits you might be paying yourself some kind of dividend so there are two kind of dividends one is eligible dividend the other one is non-legible different so the eligible dividend tax rate is 34.31 and knowledgeable dividend tax rate is 42.31 these are the top tax brackets in alberta then if your corporation instead of paying yourself a dividend or eligible or non-legible dividend in that case i

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