Investment and Property
With a wide array of government incentive programs and services offered in Ontario, locating your business here in Peterborough & the Kawarthas allows you to take advantage of competitive corporate tax rates and helps your business save on costs associated with research, development, and innovation; labour costs; and start-up and expansion activities. The general corporate income tax rate in the Province of Ontario is 11.5 percent. The Ontario small business deduction (SBD) allows Canadian-controlled private corporations (CCPCs) to reduce the income tax rate on their first $500,000 of active business income to 3.2 percent.
Standard & Poor has maintained the City of Peterborough’s credit rating at AA+ again in 2023 which supports Peterborough’s strong, stable financial position and the fiscal management of the organization.