Comments on Funding:
The SBD is 19% of whichever of the following amounts is less:
The basic rate of Part I tax being 38% of your taxable income, 28% after the federal tax abatement, the SBD rate results in a 9% tax rate.
The applicant must be:
Applicants must calculate the SBD and enter it on Line 430 – Small business deduction of the T2 Corporation Income Tax Return form.