BB · AmericasCA · Americas
Barbados vs Canada: tax rates compared
Between the two, Canada's income tax rate (53.5%) tops Barbados's (28.5%) by 25pp. The 200-country average is 28%: both sit above it. Barbados's figure is dated 2026-01-11 and Canada's 2025-01-01, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BB | CA | Difference |
|---|---|---|---|
| Income Tax | 28.5% | 53.5% | CA +25 pp |
| Corporate Tax | 9% | 26% | CA +17 pp |
| VAT | 17.5% | 5% | BB +12.5 pp |
| Capital Gains Tax | 0% | 27.4% | CA +27.4 pplargest gap |
| Crypto Tax | 0% | 27.4% | CA +27.4 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 28.5% | Source: PWC Worldwide Tax Summaries — Barbados (Individual, Taxes on personal income) · as of 2026-01-11 |
| Canada | 53.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −25 pp | Canada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 9% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Canada | 26% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −17 pp | Canada higher |
Between the two, Canada's corporate tax rate (26%) tops Barbados's (9%) by 17pp. The 201-country average is 22.6%: Barbados sits below it, Canada sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Barbados | 17.5% | Source: PWC Worldwide Tax Summaries — Barbados (Corporate, Other taxes) · as of 2026-01-11 |
| Canada | 5% | Source: PWC Worldwide Tax Summaries — Canada (Corporate, Other taxes) · as of 2026-06-12 |
| Difference | +12.5 pp | Barbados higher |
Between the two, Barbados's VAT rate (17.5%) tops Canada's (5%) by 12.5pp. The 181-country average is 15%: Barbados sits above it, Canada sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 0% | Source: PWC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11 |
| Canada | 27.4% | Source: PWC Worldwide Tax Summaries — Canada (Individual, Taxes on personal income) · as of 2026-06-12 |
| Difference | −27.4 pp | Canada higher |
Between the two, Canada's capital gains tax rate (27.4%) tops Barbados's (0%) by 27.4pp. The 175-country average is 10.3%: Barbados sits below it, Canada sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 0% | Source: PwC Worldwide Tax Summaries — Barbados (Individual, Income determination) · as of 2026-01-11 |
| Canada | 27.4% | Source: Canada Revenue Agency — Guide for cryptocurrency users and tax professionals · as of 2023-12-13 |
| Difference | −27.4 pp | Canada higher |
Between the two, Canada's crypto tax rate (27.4%) tops Barbados's (0%) by 27.4pp. The 88-country average is 13%: Barbados sits below it, Canada sits above it. Barbados's figure is dated 2026-01-11 and Canada's 2023-12-13, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 0% | Source: PWC Worldwide Tax Summaries — Barbados (Net wealth/worth tax rates) · as of 2026-01-11 |
| Canada | 0% | Source: PWC Worldwide Tax Summaries — Canada (Individual, Other taxes) · as of 2026-06-12 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Barbados and Canada both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.