Companies & Industries

Which large companies pay the least tax?

The Complete Ranking

The corporations below pay an unusually small amount in cash taxes compared to their pre-tax income. Read the complete feature. Read our methodology.

Rank Company Percentage of income paid in taxes over the past 10 years Total tax paid in cash over the past 10 years (in millions) Total net income before taxes over the past 10 years (in millions)
1 First Capital Realty Inc 1.25% $22 $1,791
2 Canadian Pacific Railway Ltd 1.80% $139 $7,726
3 Manitoba Telecom Services Inc 4.14% $100 $2,420
4 BCE Inc 4.53% $1,338 $29,527
5 Gildan Activewear Inc 5.52% $85 $1,543
6 MacDonald Dettwiler & Associates Ltd 10.30% $111 $1,073
7 Brookfield Asset Management Inc 12.89% $1,350 $10,471
8 Canadian Natural Resources Ltd 13.58% $4,204 $30,960
9 Enbridge Inc 14.24% $1,725 $12,117
10 TransCanada Corp 15.52% $2,839 $18,287
11 Suncor Energy Inc 15.61% $5,458 $34,965
12 Laurentian Bank of Canada 16.06% $206 $1,280
13 Cameco Corp 16.56% $653 $3,942
14 Sun Life Financial Inc 15.86% $2,373 $15,902
15 Finning International Inc 17.35% $440 $2,538