CA · AmericasIT · Europe
Canada vs Italy: tax rates compared
Canada's income tax rate is 6.3pp higher than Italy's (53.5% vs 47.2%). 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 | IT | Difference |
|---|---|---|---|
| Income Tax | 53.5% | 47.2% | CA +6.3 pp |
| Corporate Tax | 26% | 27.8% | IT +1.8 pp |
| VAT | 5% | 22% | IT +17 pplargest gap |
| Capital Gains Tax | 27.4% | 26% | CA +1.4 pp |
| Crypto Tax | 27.4% | 33% | IT +5.6 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 |
| Italy | 47.2% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +6.3 pp | Canada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 26% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Italy | 27.8% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −1.8 pp | Italy higher |
Italy's corporate tax rate is 1.8pp higher than Canada's (27.8% 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 |
| Italy | 22% | Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13 |
| Difference | −17 pp | Italy higher |
Italy's VAT rate is 17pp higher than Canada's (22% vs 5%). The 181-country average is 15%: Canada sits below it, Italy 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 |
| Italy | 26% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Income determination) · as of 2019-01-01 |
| Difference | +1.4 pp | Canada higher |
Canada's capital gains tax rate is 1.4pp higher than Italy's (27.4% vs 26%). The 175-country average is 10.3%: both sit above it. Canada's figure is dated 2026-06-12 and Italy's 2019-01-01, 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 |
| Italy | 33% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Other taxes) · as of 2026-02-25 |
| Difference | −5.6 pp | Italy higher |
Italy's crypto tax rate is 5.6pp higher than Canada's (33% vs 27.4%). The 88-country average is 13%: both sit above it. Canada's figure is dated 2023-12-13 and Italy's 2026-02-25, 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 |
| Italy | 0% | Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01 |
| Difference | 0 pp | displayed rates match |
Canada's wealth tax rate is identical to Italy's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Canada's figure is dated 2026-06-12 and Italy's 2024-01-01, so the two rates come from different data vintages.