When completing form T2125, Statement of Business or Professional Activities, form T2121, Statement of Fishing Activities, or form T2042, Statement of Farming Activities, you have to enter an industry code that corresponds to your main business activity.
|Annual Income (Taxable)||Tax Brackets||Tax Rates|
|Up to $49,020||The first $49,020||15%|
|$49,020 to $98,040||The next $49,020||20.5%|
|$98,040 to $151,978||The next $53,938||26%|
|$151,978 to $216,511||The next $64,533||29%|