Hot Topics 
4/21/2012
Leadership Award for Andrée Guy, CA. F.Adm.A, Partner at PSB Boisjoli.
4/6/2012
Summary of the March 29, 2012 federal Budget
On March 29, 2012, The Honourable Jim Flaherty, Canada Minister of Finance, introduced his budget. PSB Boisjoli is pleased to provide you a link to a summary of the March 29, 2012 federal budget
3/24/2012
Summary of the March 20, 2012 Québec Budget
On March 20, 2012, the Finance Minister of Quebec, Raymond Bachand, presented his budget speech.
Federal Corporation Tax Rates – Upcoming reductions
12/31/2010
The New Year will bring about a reduction in the federal income tax rate from 18% to 16.5% effective January 1, 2011.
The New Year will bring about a reduction in the federal income tax rate from 18% to 16.5% effective January 1, 2011. The 16.5% rate is applicable on income in the followingcategories:
- CCPC active business income ineligible for the Small Business Deduction (SBD);
- CCPC income not from an active business;
- Manufacturing and processing (M&P) income; and,
- Other non-M&P income earned by public corporations.
Note that for 2012, the 16.5% rate will be reduced to 15%.
The tax rate for CCPC’s claiming the SBD has not changed and remains at 11% effective since January 1, 2008.
For more information please consult the Canada Revenue Agency
