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Canada vs Grenada: tax rates compared
Between the two, Canada's income tax rate (53.5%) tops Grenada's (30%) by 23.5pp. The 200-country average is 28%: both sit above it. Canada's figure is dated 2025-01-01 and Grenada's 2026-07-20, so the two rates come from different data vintages.
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 | CA | GD | Difference |
|---|---|---|---|
| Income Tax | 53.5% | 30% | CA +23.5 pp |
| Corporate Tax | 26% | 28% | GD +2 pp |
| VAT | 5% | 15% | GD +10 pp |
| Capital Gains Tax | 27.4% | 0% | CA +27.4 pplargest gap |
| Crypto Tax | 27.4% | 0% | CA +27.4 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 53.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Difference | +23.5 pp | Canada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 26% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Grenada | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −2 pp | Grenada higher |
Between the two, Grenada's corporate tax rate (28%) tops Canada's (26%) by 2pp. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Canada | 5% | Source: PWC Worldwide Tax Summaries — Canada (Corporate, Other taxes) · as of 2026-06-12 |
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Difference | −10 pp | Grenada higher |
Between the two, Grenada's VAT rate (15%) tops Canada's (5%) by 10pp. The 181-country average is 15%: Canada sits below it, Grenada matches the world average. Canada's figure is dated 2026-06-12 and Grenada's 2010-02-01, so the two rates come from different data vintages.
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 |
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Difference | +27.4 pp | Canada higher |
Between the two, Canada's capital gains tax rate (27.4%) tops Grenada's (0%) by 27.4pp. The 175-country average is 10.3%: Canada sits above it, Grenada sits below 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 |
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Difference | +27.4 pp | Canada higher |
Between the two, Canada's crypto tax rate (27.4%) tops Grenada's (0%) by 27.4pp. The 88-country average is 13%: Canada sits above it, Grenada sits below it. Canada's figure is dated 2023-12-13 and Grenada's 2026-07-19, so the two rates come from different data vintages.
Not covered for both countries yet: Wealth Tax.