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Canada vs Denmark: tax rates compared
Denmark's income tax rate is 2.4pp higher than Canada's (55.9% vs 53.5%). The 200-country average is 28%: both sit above it.
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 | CA | DK | Difference |
|---|---|---|---|
| Income Tax | 53.5% | 55.9% | DK +2.4 pp |
| Corporate Tax | 26% | 22% | CA +4 pp |
| VAT | 5% | 25% | DK +20 pp |
| Capital Gains Tax | 27.4% | 42% | DK +14.6 pp |
| Crypto Tax | 27.4% | 57% | DK +29.6 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 53.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Denmark | 55.9% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −2.4 pp | Denmark higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 26% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Denmark | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +4 pp | Canada higher |
Canada's corporate tax rate is 4pp higher than Denmark's (26% vs 22%). The 201-country average is 22.6%: Canada sits above it, Denmark sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Canada | 5% | Source: PWC Worldwide Tax Summaries — Canada (Corporate, Other taxes) · as of 2026-06-12 |
| Denmark | 25% | Source: PWC Worldwide Tax Summaries — Denmark (Corporate, Other taxes) · as of 2026-02-25 |
| Difference | −20 pp | Denmark higher |
Denmark's VAT rate is 20pp higher than Canada's (25% vs 5%). The 181-country average is 15%: Canada sits below it, Denmark sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 27.4% | Source: PWC Worldwide Tax Summaries — Canada (Individual, Taxes on personal income) · as of 2026-06-12 |
| Denmark | 42% | Source: PwC Worldwide Tax Summaries — Denmark, Individual - Taxes on personal income · as of 2026-06-25 |
| Difference | −14.6 pp | Denmark higher |
Denmark's capital gains tax rate is 14.6pp higher than Canada's (42% vs 27.4%). The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 27.4% | Source: Canada Revenue Agency — Guide for cryptocurrency users and tax professionals · as of 2023-12-13 |
| Denmark | 57% | Source: Skattestyrelsen, Den juridiske vejledning C.C.2.1.3.3.5.1 — Generelt om krypto · as of 2026-07-19 |
| Difference | −29.6 pp | Denmark higher |
Denmark's crypto tax rate is 29.6pp higher than Canada's (57% vs 27.4%). The 88-country average is 13%: both sit above it. Canada's figure is dated 2023-12-13 and Denmark's 2026-07-19, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 0% | Source: PWC Worldwide Tax Summaries — Canada (Individual, Other taxes) · as of 2026-06-12 |
| Denmark | 0% | Source: PWC Worldwide Tax Summaries — Denmark (Individual, Other taxes) · as of 2026-06-25 |
| Difference | 0 pp | displayed rates match |
Canada's wealth tax rate is identical to Denmark's — both sit at 0%. The 193-country average is 0.1%: both sit below it.