Sulja Bros. Building Supplies, Ltd (SLJB)

[Jim Bishop]

Re: "As I understand it, Canadian taxes are pretty high."

http://www.cra-arc.gc.ca/tax/business/topics/corporations/rates-e.html

Corporation tax rates

Federal:

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

For Canadian-controlled private corporations claiming the small business deduction the net tax rate is 12%.

For the other corporations, the net tax rate is 21%.

Provincial or territorial:

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

The lower rate applies to either:

the income eligible for the federal small business deduction; or
the income based on limits established by the particular province or territory.

The higher rate applies to all other taxable income.