<P> Corporations in Canada are generally taxed at 29% federally . Canadian Controlled private corporations receive a 17% reduction in the tax rate on taxable income from active businesses up to $500,000 . This small business deduction is reduced for corporations whose taxable capital exceeding $10 M, and is completely eliminated for corporations whose taxable capital exceeds $15 M. It has been estimated that almost $2 trillion of Canadian SMEs will be coming up for sale over the next decade which is twice as large as the assets of the top 1,000 Canadian pension plans and approximately the same size as Canadian annual GDP . </P> <P> In the United States, the Small Business Administration sets small business criteria based on industry, ownership structure, revenue and number of employees (which in some circumstances may be as high as 1500, although the cap is typically 500). Both the US and the EU generally use the same threshold of fewer than 10 employees for small offices (SOHO). </P> <P> Also in the United States small and medium sized manufacturers are referred to as SMM's which the U.S. Department of Energy classifies as having gross annual sales below $100 million, Fewer than 500 employees at the plant site, and annual energy bills more than $100,000 and less than $2.5 million . </P> <Table> <Tr> <Td> </Td> <Td> This section needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (May 2015) (Learn how and when to remove this template message) </Td> </Tr> </Table>

What is the definition of a mid size company