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Ivan Baliello CPA, CA

Ivan has been providing business, accounting, audit and various taxation services since 1998. He wrote the Chartered Accountant (“CA”) Uniform Final Exam in 2001 and obtained his CA designation in 2002. Ivan is a member of the Ordre des Comptables Professionnels Agréés du Quebec and the Order of Chartered Accountants of Ontario. Ivan began his career with Richter, Usher and Vineberg, moved on to a “Big 5” accounting firm in 2000, became a partner at Stein Jacobs Krolik in 2006 and ventured as a sole practitioner in early 2012. 

Ivan can assist privately held companies and not-for-profit organizations with his diversified audit, accounting and taxation experience.

Contact Ivan to set up an appointment to review your current Canadian corporate, trust and personal accounting and taxation needs. 

Tel: 514-250-4285

Fax: 450-202-4285

Corporation tax rates

Federal rates

The basic rate of Part I tax is 38% of your taxable income, 28% after federal tax abatement.

After the general tax reduction, the net tax rate is 15%.

For Canadian-controlled private corporations claiming the small business deduction, the net tax rate is 9%.

Provincial or territorial rates

Generally, provinces and territories have two rates of income tax – a lower rate and a higher rate.

Lower rate

The lower rate applies to the income eligible for the federal small business deduction. One component of the small business deduction is the business limit. Some provinces or territories choose to use the federal business limit. Others establish their own business limit.

Read more: Corporation tax rates