The Ontario Small Business Tax Cut: What It Actually Means for You
Starting July 1, 2026, Ontario cut its small business corporate tax rate from 3.2% to 2.2%. Combined with the federal rate, that drops the total tax on your first $500,000 of active business income from 12.2% to 11.2%, worth up to $5,000 a year for an eligible corporation. If your fiscal year straddles July 1,…
