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Canada: tax, business and moving facts

Every figure links to the official page it comes from, so you can check it yourself. Rules change, so confirm before you act. Last checked 8 October 2026.

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Latest facts

Who leads: King Charles III is head of state, represented by the Governor General. Mark Carney has been Prime Minister since March 2025.; Official source
How you register: Federally with Corporations Canada, or with your province; Official source
Company tax: Around 9% federal on small business profits, plus provincial tax; Official source
Tax-free amount: A basic personal amount, set each year; Official source
Top rate: 33% federal, plus provincial tax; Official source
Tax year: 1 January to 31 December; Official source
Usual filing deadline: 30 April (15 June if self-employed); Official source
When do I charge GST?: Federal GST is 5%, and many provinces add their own tax. Register once sales pass C$30,000 over four quarters.; Official source

Grants, loans and funding

BDC loans
Canadian small businesses at every stage
Futurpreneur
Founders aged 18 to 39, loan plus mentor
Business benefits finder
Search every federal grant and loan

Business types with room to grow

Easy access to the US market
Tech, AI and clean tech
French and English speaking customers

Starting a business

How you register: Federally with Corporations Canada, or with your province; Official source
Company tax: Around 9% federal on small business profits, plus provincial tax; Official source
How easy it feels: Easy, but provinces add steps; Taxmiser summary

Bank accounts

Savings protected up to: C$100,000 per category (CDIC); Official source
Opening one as a newcomer: Easy, banks have newcomer packages; Taxmiser summary

Personal tax

Tax-free amount: A basic personal amount, set each year; Official source
Top rate: 33% federal, plus provincial tax; Official source
Tax year: 1 January to 31 December; Official source
Usual filing deadline: 30 April (15 June if self-employed); Official source

Moving there

Main ways in: Express Entry points system, provincial nominee routes; Official source
How hard it is: Medium; Taxmiser summary
Healthcare: Free provincial care for residents, sometimes after a wait; Official source