CA · AmericasIM · Europe
Canada vs Isle of Man: tax rates compared
Canada has an income tax rate of 53.5%, 32.5pp above Isle of Man's 21%. The 200-country average is 28%: Canada sits above it, Isle of Man sits below it. Canada's figure is dated 2025-01-01 and Isle of Man's 2026-02-06, 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 | IM | Difference |
|---|---|---|---|
| Income Tax | 53.5% | 21% | CA +32.5 pplargest gap |
| Corporate Tax | 26% | 0% | CA +26 pp |
| VAT | 5% | 20% | IM +15 pp |
| Capital Gains Tax | 27.4% | 0% | CA +27.4 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 |
| Isle of Man | 21% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Taxes on personal income) · as of 2026-02-06 |
| Difference | +32.5 pp | Canada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 26% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Isle of Man | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +26 pp | Canada higher |
Canada has a corporate tax rate of 26%, 26pp above Isle of Man's 0%. The 201-country average is 22.6%: Canada sits above it, Isle of Man sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Canada | 5% | Source: PWC Worldwide Tax Summaries — Canada (Corporate, Other taxes) · as of 2026-06-12 |
| Isle of Man | 20% | Source: PWC Worldwide Tax Summaries — Isle of Man (Corporate, Other taxes) · as of 2026-02-06 |
| Difference | −15 pp | Isle of Man higher |
Isle of Man has a VAT rate of 20%, 15pp above Canada's 5%. The 181-country average is 15%: Canada sits below it, Isle of Man 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 |
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Income determination) · as of 2026-02-06 |
| Difference | +27.4 pp | Canada higher |
Canada has a capital gains tax rate of 27.4%, 27.4pp above Isle of Man's 0%. The 175-country average is 10.3%: Canada sits above it, Isle of Man sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 0% | Source: PWC Worldwide Tax Summaries — Canada (Individual, Other taxes) · as of 2026-06-12 |
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Other taxes) · as of 2026-02-06 |
| Difference | 0 pp | displayed rates match |
Canada and Isle of Man share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.