TaxGlass

CA · Americas ↔ NZ · Oceania

Canada vs New Zealand: tax rates compared

Canada's income tax rate is 14.5pp higher than New Zealand's (53.5% vs 39%). The 37-country average is 43.2%: Canada sits above it, New Zealand sits below it.

Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.

Income Tax

0102030405060World avg 43.2%CA 53.5%NZ 39%
Income Tax, side by side
CountryRateSource
Canada53.5%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
New Zealand39%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Difference+14.5 ppCanada higherlargest gap on this page

Corporate Tax

0102030405060World avg 22.6%CA 26%NZ 28%
Corporate Tax, side by side
CountryRateSource
Canada26%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
New Zealand28%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−2 ppNew Zealand higher

New Zealand's corporate tax rate is 2pp higher than Canada's (28% vs 26%). The 201-country average is 22.6%: both sit above it.

VAT

0102030405060World avg 19.5%CA 5%NZ 15%
VAT, side by side
CountryRateSource
Canada5%Source: PWC Worldwide Tax Summaries — Canada (Corporate, Other taxes) · as of 2026-06-12
New Zealand15%Source: PWC Worldwide Tax Summaries — New Zealand (Corporate, Other taxes) · as of 2026-07-06
Difference−10 ppNew Zealand higher

New Zealand's VAT rate is 10pp higher than Canada's (15% vs 5%). The 37-country average is 19.5%: both sit below it.

Wealth Tax

0102030405060World avg 0.1%CA 0%NZ 0%
Wealth Tax, side by side
CountryRateSource
Canada0%Source: PWC Worldwide Tax Summaries — Canada (Individual, Other taxes) · as of 2026-06-12
New Zealand0%Source: PWC Worldwide Tax Summaries — New Zealand (Net wealth/worth tax rates) · as of 2026-07-06
Difference0 ppdisplayed rates match

Canada's wealth tax rate is identical to New Zealand's — both sit at 0%. The 193-country average is 0.1%: both sit below it.

Not covered for both countries yet: Capital Gains Tax, Crypto Tax.