Passive Income Tax Rate 2024 Canada. Unlike personal taxpayers who are subject to higher tax brackets on higher levels of income, passive income is taxed at the same rate for corporations regardless of. As for passive income, any ccpc that holds in excess of $50,000 of passive investment income will see a reduction in the amount that their active income is eligible for the small business tax deduction.

Federal and provincial/territorial income tax rates and brackets for 2024 current as of june 30, 2024 The following table shows the general and small business corporate income tax rates federally and for each province and territory for 2024.