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Canada vs Norway: tax rates compared
Canada's income tax rate is 13.8pp higher than Norway's (53.5% vs 39.7%). 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 | NO | Difference |
|---|---|---|---|
| Income Tax | 53.5% | 39.7% | CA +13.8 pp |
| Corporate Tax | 26% | 22% | CA +4 pp |
| VAT | 5% | 25% | NO +20 pplargest gap |
| Capital Gains Tax | 27.4% | 37.8% | NO +10.4 pp |
| Crypto Tax | 27.4% | 22% | CA +5.4 pp |
| Wealth Tax | 0% | 1.1% | NO +1.1 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 53.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Norway | 39.7% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +13.8 pp | Canada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 26% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Norway | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +4 pp | Canada higher |
Canada's corporate tax rate is 4pp higher than Norway's (26% vs 22%). The 201-country average is 22.6%: Canada sits above it, Norway sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Canada | 5% | Source: PWC Worldwide Tax Summaries — Canada (Corporate, Other taxes) · as of 2026-06-12 |
| Norway | 25% | Source: PWC Worldwide Tax Summaries — Norway (Corporate, Other taxes) · as of 2026-06-25 |
| Difference | −20 pp | Norway higher |
Norway's VAT rate is 20pp higher than Canada's (25% vs 5%). The 181-country average is 15%: Canada sits below it, Norway 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 |
| Norway | 37.8% | Source: PwC Worldwide Tax Summaries — Norway (Individual, Income determination) · as of 2026-01-20 |
| Difference | −10.4 pp | Norway higher |
Norway's capital gains tax rate is 10.4pp higher than Canada's (37.8% vs 27.4%). The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 27.4% | Source: Canada Revenue Agency — Guide for cryptocurrency users and tax professionals · as of 2023-12-13 |
| Norway | 22% | Source: Norwegian Tax Administration (Skatteetaten) — Skatte-ABC, V-13-3.4 Realisasjon (virtual assets — realization) · as of 2026-01-01 |
| Difference | +5.4 pp | Canada higher |
Canada's crypto tax rate is 5.4pp higher than Norway's (27.4% vs 22%). The 88-country average is 13%: both sit above it. Canada's figure is dated 2023-12-13 and Norway's 2026-01-01, 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 |
| Norway | 1.1% | Source: Skatteetaten (Norwegian Tax Administration) — Wealth tax rates · as of 2026-01-01 |
| Difference | −1.1 pp | Norway higher |
Norway's wealth tax rate is 1.1pp higher than Canada's (1.1% vs 0%). The 193-country average is 0.1%: Canada sits below it, Norway sits above it.