CA · AmericasMW · Africa
Canada vs Malawi: tax rates compared
Canada's income tax rate is 13.5pp higher than Malawi's (53.5% vs 40%). The 200-country average is 28%: both sit above it.
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 | MW | Difference |
|---|---|---|---|
| Income Tax | 53.5% | 40% | CA +13.5 pplargest gap |
| Corporate Tax | 26% | 30% | MW +4 pp |
| VAT | 5% | 17.5% | MW +12.5 pp |
| Capital Gains Tax | 27.4% | 40% | MW +12.6 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 |
| Malawi | 40% | Source: Taxation (Amendment) (No. 2) Act, 2025 (Malawi Revenue Authority) · as of 2025-12-30 |
| Difference | +13.5 pp | Canada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 26% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Malawi | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −4 pp | Malawi higher |
Malawi'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 |
| Malawi | 17.5% | Source: EY Worldwide VAT, GST and Sales Tax Guide 2026 — Malawi · as of 2026-01-01 |
| Difference | −12.5 pp | Malawi higher |
Malawi's VAT rate is 12.5pp higher than Canada's (17.5% vs 5%). The 181-country average is 15%: Canada sits below it, Malawi 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 |
| Malawi | 40% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Malawi · as of 2025-10-01 |
| Difference | −12.6 pp | Malawi higher |
Malawi's capital gains tax rate is 12.6pp higher than Canada's (40% vs 27.4%). The 175-country average is 10.3%: both sit above it. Canada's figure is dated 2026-06-12 and Malawi's 2025-10-01, 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 |
| Malawi | 0% | Source: Malawi Legal Information Institute — Taxation Act (Chapter 41:01) · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Canada's wealth tax rate is identical to Malawi's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.