Competitive Corporate Taxes
2011 Combined Federal and State/Provincial Manufacturing Income Tax Rate %
Note: Ohio rate includes the state’s Commercial Activity Tax rate which is levied on gross receipts rather in Ohio; a CIT equivalent is not available. Texas rate includes the state’s 1.0 per cent franchise tax, which is based on gross revenue; a CIT equivalent is not available.
Source: Ontario Ministry of Finance, based on legislation as of April 17, 2012.
Canadian Federal R&D Tax Incentives
Both Canada and the United States provide special incentives for companies engaged in qualifying R&D activities. However, the Canadian R&D incentive system is generally considered to be more generous than the equivalent U.S. system.
|Real after tax cost of a $100 R&D Expenditure
|Small and medium-sized non-manufacturers
(Public, Private or Foreign-owned)
at Eligible Ontario
|After-tax cost of $100 Expenditures
Source - Ontario Ministry of Finance and Canada Revenue Agency. Confirmed April 13, 2012
R&D Cost Advantage
Source - Ministry of Economic Development and Innovation, prepared using CompetitiveAlternatives.com. Cost Model, 2012 version, accessed March 30, 2012
Business Assistance Programs
Visit our web site's searchable data base of federal, provincial and other business assistance programs.