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Canada vs India: tax rates compared
Canada's income tax rate is 23.5pp higher than India's (53.5% vs 30%). The 200-country average is 28%: both sit above it. Canada's figure is dated 2025-01-01 and India's 2026-05-12, 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 | CA | IN | Difference |
|---|---|---|---|
| Income Tax | 53.5% | 30% | CA +23.5 pplargest gap |
| Corporate Tax | 26% | 30% | IN +4 pp |
| VAT | 5% | 18% | IN +13 pp |
| Capital Gains Tax | 27.4% | 12.5% | CA +14.9 pp |
| Crypto Tax | 27.4% | 30% | IN +2.6 pp |
| 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 |
| India | 30% | Source: PWC Worldwide Tax Summaries — India (Individual, Taxes on personal income) · as of 2026-05-12 |
| 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 |
| India | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −4 pp | India higher |
India's corporate tax rate is 4pp higher than Canada's (30% vs 26%). 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 |
| India | 18% | Source: PWC Worldwide Tax Summaries — India (Corporate, Other taxes) · as of 2026-05-11 |
| Difference | −13 pp | India higher |
India's VAT rate is 13pp higher than Canada's (18% vs 5%). The 181-country average is 15%: Canada sits below it, India 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 |
| India | 12.5% | Source: PWC Worldwide Tax Summaries — India (Individual, Other taxes) · as of 2024-07-23 |
| Difference | +14.9 pp | Canada higher |
Canada's capital gains tax rate is 14.9pp higher than India's (27.4% vs 12.5%). The 175-country average is 10.3%: both sit above it. Canada's figure is dated 2026-06-12 and India's 2024-07-23, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 27.4% | Source: Canada Revenue Agency — Guide for cryptocurrency users and tax professionals · as of 2023-12-13 |
| India | 30% | Source: Ministry of Finance, Government of India — Memorandum Explaining the Provisions in the Finance Bill 2022 · as of 2023-04-01 |
| Difference | −2.6 pp | India higher |
India's crypto tax rate is 2.6pp higher than Canada's (30% vs 27.4%). The 88-country average is 13%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 0% | Source: PWC Worldwide Tax Summaries — Canada (Individual, Other taxes) · as of 2026-06-12 |
| India | 0% | Source: PWC Worldwide Tax Summaries — India (Individual, Other taxes) · as of 2026-05-12 |
| Difference | 0 pp | displayed rates match |
Canada's wealth tax rate is identical to India's — both sit at 0%. The 193-country average is 0.1%: both sit below it.