According to a release from Canada's Department of Finance, the Government intends to reduce the small business tax rate from 10.5% to 10.0%, effective 1 January 2018, and to 9.0%, effective 1 January 2019. The reduced rate applies on the qualifying active business income of a Canadian-controlled private corporation (CCPC) up to CAD 500,000. To support this change, the Government will take steps to ensure that CCPC status is not used to reduce personal income tax obligations for high-income …