Entrepreneurship & Small Business

How much should a business make before it can be taxed

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  • May 11th, 2015 7:16 pm
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[OP]
Sr. Member
Mar 27, 2013
691 posts
231 upvotes
Toronto

How much should a business make before it can be taxed

If an incorporated business just makes $15k-$20k per year, would it still be taxed?
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Deal Addict
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Dec 9, 2007
1341 posts
1082 upvotes
mcerts wrote: If an incorporated business just makes $15k-$20k per year, would it still be taxed?
Yes.

More information is required to assess the actual amount that will be remitted.

Generally at the corporate level, CCPC with no other businesses using the Small business deduction, you will be taxed at 15.5% for all taxable income under $500k

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