Quote:
Originally Posted by rypinion
Manitoba also appears to have a better corporate tax rate then Saskatchewan.
However, there are more variables. For instance, there's the payroll tax, right?
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I included the payroll tax, it is in the form of Levy for Health and Education. But that only effects companies with a payroll of more than 1.25 million. So the Small businesses that Manitoba seems keen on protecting are not effected.
Small Bussiness tax 0 (best in the country) with 0 payroll tax until 1.25 million in payroll is reached. And once that 1.25 million is reached you are only taxed on the amount that you surpass it by. So if you have 1.3 million in payroll for the year, you are only taxed 4.3% on the 0.05 million on top of the 1.25. And that is only until 2.5 where the rate drops to 2.15% or half.