Small Business Corporations and Tax.
Loading player...
Sibongile Mofokeng is in conversation with our Tax Specialist Patricia Khomani about Small Business Corporations and Tax. Small Business Corporation is a private company that complies with various requirements per the Tax Act. If it meets the definition of a SBC, it can take advantage of progressive tax tables (as opposed to the fixed standard corporate tax rate) and also accelerated depreciation for certain assets.