Canada vs Hong Kong SAR

Federal corporate income tax: 15%. Provincial and territorial CITs range from 8% to 15%.

Corporations: 8.25% on the first HKD 2 million of assessable profits and 16.5% on the remainder; unincorporated businesses: 7.5% on the first HKD 2 million and 15% on the remainder.

After six months from the end of the company's fiscal year.

The tax return forms are typically released on the first working day of April each year. The filing deadline is usually within one month from the day the forms are released. Certain companies (e.g., those with a fiscal year ending on December 31) may have an extended filing deadline under the Inland Revenue Department's block extension scheme for companies with a tax representative, usually in mid-August of the year the forms are released (for accounting date code "D", 17 August 2026 for the 2025/26 returns), and in certain circumstances (e.g., electronic filing), extensions may be granted.

Typically, two months after the end of the company's tax year.

For companies with a fiscal year ending on December 31st, the final tax payment for a specific tax year is typically due in November of the year when the tax return is filed.

Tax installment payments are usually due on the last day of each month.

For companies with a fiscal year ending on December 31st, interim taxes for a specific tax year will be paid in two installments, typically due in November of the current year and January of the following year.

0/0/0

25/25/25

0/0/2.475-4.95

5% - 15%

Half of the capital gains are considered as taxable capital gains, recorded as company income and taxed at the regular tax rate.

23.74

13.74