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Canada vs Colombia: tax rates compared

Canada's income tax rate is 14.5pp higher than Colombia's (53.5% vs 39%). The 37-country average is 43.2%: Canada sits above it, Colombia sits below it.

Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.

Income Tax

0102030405060World avg 43.2%CA 53.5%CO 39%
Income Tax, side by side
CountryRateSource
Canada53.5%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Colombia39%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Difference+14.5 ppCanada higherlargest gap on this page

Corporate Tax

0102030405060World avg 22.6%CA 26%CO 35%
Corporate Tax, side by side
CountryRateSource
Canada26%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Colombia35%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−9 ppColombia higher

Colombia's corporate tax rate is 9pp higher than Canada's (35% vs 26%). The 201-country average is 22.6%: both sit above it.

VAT

0102030405060World avg 19.5%CA 5%CO 19%
VAT, side by side
CountryRateSource
Canada5%Source: PWC Worldwide Tax Summaries — Canada (Corporate, Other taxes) · as of 2026-06-12
Colombia19%Source: PWC Worldwide Tax Summaries — Colombia (Corporate, Other taxes) · as of 2026-01-23
Difference−14 ppColombia higher

Colombia's VAT rate is 14pp higher than Canada's (19% vs 5%). The 37-country average is 19.5%: both sit below it.

Wealth Tax

0102030405060World avg 0.1%CA 0%CO 1.5%
Wealth Tax, side by side
CountryRateSource
Canada0%Source: PWC Worldwide Tax Summaries — Canada (Individual, Other taxes) · as of 2026-06-12
Colombia1.5%Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23
Difference−1.5 ppColombia higher

Colombia's wealth tax rate is 1.5pp higher than Canada's (1.5% vs 0%). The 193-country average is 0.1%: Canada sits below it, Colombia sits above it.

Not covered for both countries yet: Capital Gains Tax, Crypto Tax.