A Small Business Corporation (SBC) is a private company that complies with various requirements per the Tax Act. If it meets the definition of a SBC, it can take advantage of progressive tax tables (as opposed to the fixed standard corporate tax rate) and also accelerated depreciation for certain assets. The latter means that less tax may be paid in the early years when the assets are purchased.
Please refer to our SBC Decision Tree to confirm if the company classify as a Small Business Corporation (SBC) and to our Company Tax Guide for the SBC's tax tables.
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