BC Corporate Income Tax Rate Reduced Effective Jan. 1

January 4, 2011

The provincial corporate income tax rate was reduced from 10.5 per cent to 10 per cent, effective January 1, 2011, as noted in a Ministry of Finance news release. 

The reduction flows from the February 2009 budget, which “reduced the general corporate income tax rate to 10.5 per cent from 11 per cent effective January 2010, and to 10 per cent effective January 2011.”

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