Facts
- Combined corporate income tax rate
- 26.2 % (2023)
- Top statutory personal income tax rate
- 53.5 % (2022)
- Tax revenue, % of GDP
- 13.7 % (2024)
- Top marginal rate incl. employee social security
- 53.5 % (2022)
- OECD member
- Yes
- Corporate income tax rate, central government
- 15.0 % (2023)
- Corporate income tax rate, sub-central
- 11.2 % (2023)
- Central CIT rate net of sub-central deduction
- 15.0 % (2023)
- Central CIT rate excluding surtax
- 21.0 % (2007)
- Top marginal income tax rate (PIT only)
- 53.5 % (2022)
- Top rate threshold, × average wage
- 2.72× (2022)
- Average annual wage, US$ PPP
- $65,422 (2022)
- Average annual wage, national currency
- 81,704 (2022)
- Tax revenue level
- 10–15% of GDP
- Taxes on income, profits and capital gains, % of revenue
- 78.5 % (2024)
- Taxes on goods and services, % of value added
- 2.9 % (2022)
- ISO code
- CAN
Sources: OECD Corporate Tax Statistics, OECD Tax Database, World Bank WDI (CC BY 4.0)
Tax revenue, % of GDP
| Period | Value |
|---|---|
| 2024 | 13.7 % |
| 2023 | 13.7 % |
| 2022 | 13.7 % |
| 2021 | 14.0 % |
| 2020 | 13.5 % |
| 2019 | 12.7 % |
| 2018 | 13.1 % |
| 2017 | 12.6 % |
| 2016 | 12.5 % |
| 2015 | 12.4 % |
| 2014 | 11.8 % |
| 2013 | 11.6 % |
Taxes on income, profits and capital gains, % of revenue
| Period | Value |
|---|---|
| 2024 | 78.5 % |
| 2023 | 78.5 % |
| 2022 | 79.1 % |
| 2021 | 79.4 % |
| 2020 | 79.6 % |
| 2019 | 78.4 % |
| 2018 | 78.6 % |
| 2017 | 78.0 % |
| 2016 | 77.9 % |
| 2015 | 78.0 % |
| 2014 | 78.0 % |
| 2013 | 77.7 % |
Taxes on goods and services, % of value added
| Period | Value |
|---|---|
| 2022 | 2.9 % |
| 2021 | 2.9 % |
| 2020 | 2.8 % |
| 2019 | 2.7 % |
| 2018 | 2.7 % |
| 2017 | 2.8 % |
| 2016 | 2.7 % |
| 2015 | 2.7 % |
| 2014 | 2.6 % |
| 2013 | 2.6 % |
| 2012 | 2.6 % |
| 2011 | 2.7 % |
Corporate income tax rate, central government
| Period | Value |
|---|---|
| 2023 | 15.0 % |
| 2022 | 15.0 % |
| 2021 | 15.0 % |
| 2020 | 15.0 % |
| 2019 | 15.0 % |
| 2018 | 15.0 % |
| 2017 | 15.0 % |
| 2016 | 15.0 % |
| 2015 | 15.0 % |
| 2014 | 15.0 % |
| 2013 | 15.0 % |
| 2012 | 15.0 % |
Combined corporate income tax rate
| Period | Value |
|---|---|
| 2023 | 26.2 % |
| 2022 | 26.2 % |
| 2021 | 26.2 % |
| 2020 | 26.2 % |
| 2019 | 26.6 % |
| 2018 | 26.8 % |
| 2017 | 26.6 % |
| 2016 | 26.7 % |
| 2015 | 26.7 % |
| 2014 | 26.2 % |
| 2013 | 26.2 % |
| 2012 | 26.1 % |
Average annual wage, US$ PPP
| Period | Value |
|---|---|
| 2022 | $65,422 |
| 2021 | $62,570 |
| 2020 | $63,081 |
| 2019 | $56,705 |
| 2018 | $57,171 |
| 2017 | $55,432 |
| 2016 | $54,016 |
| 2015 | $52,562 |
| 2014 | $52,261 |
| 2013 | $50,654 |
| 2012 | $47,967 |
| 2011 | $47,907 |
Year by year · 27
| Country-year | Combined corporate income tax rate | Top statutory personal income tax rate | Tax revenue, % of GDP |
|---|---|---|---|
| Canada 2023 | 26.2 % | — | 13.7 % |
| Canada 2022 | 26.2 % | — | — |
| Canada 2021 | 26.2 % | — | — |
| Canada 2020 | 26.2 % | — | — |
| Canada 2019 | 26.6 % | — | — |
| Canada 2018 | 26.8 % | — | — |
| Canada 2017 | 26.6 % | — | — |
| Canada 2016 | 26.7 % | — | — |
| Canada 2015 | 26.7 % | — | — |
| Canada 2014 | 26.2 % | — | — |
| Canada 2013 | 26.2 % | — | — |
| Canada 2012 | 26.1 % | — | — |
| Canada 2011 | 27.7 % | — | — |
| Canada 2010 | 29.4 % | — | — |
| Canada 2009 | 30.9 % | — | — |
| Canada 2008 | 31.4 % | — | — |
| Canada 2007 | 34.0 % | — | — |
| Canada 2006 | 33.9 % | — | — |
| Canada 2005 | 34.2 % | — | — |
| Canada 2004 | 34.4 % | — | — |
| Canada 2003 | 35.9 % | — | — |
| Canada 2002 | 38.0 % | — | — |
| Canada 2001 | 40.5 % | — | — |
| Canada 2000 | 42.4 % | — | — |
| Canada 1999 | — | — | 14.7 % |
| Canada 1998 | — | — | 14.7 % |
| Canada 1997 | — | — | 14.6 % |