CA · AmericasMC · Europe
Canada vs Monaco: tax rates compared
Canada's income tax rate is 53.5pp higher than Monaco's (53.5% vs 0%). The 200-country average is 28%: Canada sits above it, Monaco sits below it. Canada's figure is dated 2025-01-01 and Monaco's 2023-03-13, 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 | MC | Difference |
|---|---|---|---|
| Income Tax | 53.5% | 0% | CA +53.5 pplargest gap |
| Corporate Tax | 26% | 25% | CA +1 pp |
| VAT | 5% | 20% | MC +15 pp |
| Capital Gains Tax | 27.4% | 0% | CA +27.4 pp |
| Crypto 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 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Difference | +53.5 pp | Canada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 26% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Monaco | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +1 pp | Canada higher |
Canada's corporate tax rate is 1pp higher than Monaco's (26% vs 25%). 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 |
| Monaco | 20% | Source: Monaco government portal (MonEntreprise.gouv.mc) — VAT · as of 2023-03-07 |
| Difference | −15 pp | Monaco higher |
Monaco's VAT rate is 15pp higher than Canada's (20% vs 5%). The 181-country average is 15%: Canada sits below it, Monaco sits above it. Canada's figure is dated 2026-06-12 and Monaco's 2023-03-07, so the two rates come from different data vintages.
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 |
| Monaco | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Monaco · as of 2025-10-01 |
| Difference | +27.4 pp | Canada higher |
Canada's capital gains tax rate is 27.4pp higher than Monaco's (27.4% vs 0%). The 175-country average is 10.3%: Canada sits above it, Monaco sits below it. Canada's figure is dated 2026-06-12 and Monaco's 2025-10-01, 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 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2023-03-13 |
| Difference | +27.4 pp | Canada higher |
Canada's crypto tax rate is 27.4pp higher than Monaco's (27.4% vs 0%). The 88-country average is 13%: Canada sits above it, Monaco sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 0% | Source: PWC Worldwide Tax Summaries — Canada (Individual, Other taxes) · as of 2026-06-12 |
| Monaco | 0% | Source: Monaco Public Service Portal (monservicepublic.gouv.mc) — Tax in Monaco · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Canada's wealth tax rate is identical to Monaco's — both sit at 0%. The 193-country average is 0.1%: both sit below it.