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Canada vs Libya: tax rates compared
Canada's income tax rate is 43.5pp higher than Libya's (53.5% vs 10%). The 200-country average is 28%: Canada sits above it, Libya sits below it. Canada's figure is dated 2025-01-01 and Libya's 2026-05-31, 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 | LY | Difference |
|---|---|---|---|
| Income Tax | 53.5% | 10% | CA +43.5 pplargest gap |
| Corporate Tax | 26% | 20% | CA +6 pp |
| VAT | 5% | 0% | CA +5 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 |
| Libya | 10% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Difference | +43.5 pp | Canada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 26% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Libya | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +6 pp | Canada higher |
Canada's corporate tax rate is 6pp higher than Libya's (26% vs 20%). The 201-country average is 22.6%: Canada sits above it, Libya sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Canada | 5% | Source: PWC Worldwide Tax Summaries — Canada (Corporate, Other taxes) · as of 2026-06-12 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Corporate, Other taxes) · as of 2026-05-31 |
| Difference | +5 pp | Canada higher |
Canada's VAT rate is 5pp higher than Libya's (5% vs 0%). The 181-country average is 15%: both sit below 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 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Libya (Individual, Taxes on personal income) · as of 2026-05-31 |
| Difference | +27.4 pp | Canada higher |
Canada's capital gains tax rate is 27.4pp higher than Libya's (27.4% vs 0%). The 175-country average is 10.3%: Canada sits above it, Libya sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 0% | Source: PWC Worldwide Tax Summaries — Canada (Individual, Other taxes) · as of 2026-06-12 |
| Libya | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-31 |
| Difference | 0 pp | displayed rates match |
Canada's wealth tax rate is identical to Libya's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.