BZ · AmericasCA · Americas
Belize vs Canada: tax rates compared
Canada's income tax rate is 28.5pp higher than Belize's (53.5% vs 25%). The 200-country average is 28%: Belize sits below it, Canada sits above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BZ | CA | Difference |
|---|---|---|---|
| Income Tax | 25% | 53.5% | CA +28.5 pplargest gap |
| Corporate Tax | 0% | 26% | CA +26 pp |
| VAT | 12.5% | 5% | BZ +7.5 pp |
| Capital Gains Tax | 0% | 27.4% | CA +27.4 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 25% | Source: Belize Income and Business Tax (Amendment) Act, 2024 (No. 40 of 2024) · as of 2025-01-01 |
| Canada | 53.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −28.5 pp | Canada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | 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 | −26 pp | Canada higher |
Canada's corporate tax rate is 26pp higher than Belize's (26% vs 0%). The 201-country average is 22.6%: Belize sits below it, Canada sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Belize | 12.5% | Source: Belize Tax Service — General Sales Tax Act (Chapter 63, Revised Edition 2011) · as of 2011-12-31 |
| Canada | 5% | Source: PWC Worldwide Tax Summaries — Canada (Corporate, Other taxes) · as of 2026-06-12 |
| Difference | +7.5 pp | Belize higher |
Belize's VAT rate is 7.5pp higher than Canada's (12.5% vs 5%). The 181-country average is 15%: both sit below it. Belize's figure is dated 2011-12-31 and Canada's 2026-06-12, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act (Chapter 55, Revised Edition 2020) · as of 2020-12-31 |
| 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 |
Canada's capital gains tax rate is 27.4pp higher than Belize's (27.4% vs 0%). The 175-country average is 10.3%: Belize sits below it, Canada sits above it. Belize's figure is dated 2020-12-31 and Canada's 2026-06-12, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act, Chapter 55 (Government of Belize, Attorney General's Ministry) · as of 2026-07-18 |
| Canada | 0% | Source: PWC Worldwide Tax Summaries — Canada (Individual, Other taxes) · as of 2026-06-12 |
| Difference | 0 pp | displayed rates match |
Belize's wealth tax rate is identical to Canada's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.