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Canada vs Thailand: tax rates compared
Canada has an income tax rate of 53.5%, 18.5pp above Thailand's 35%. The 200-country average is 28%: both sit above it. Canada's figure is dated 2025-01-01 and Thailand's 2026-02-02, 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 | TH | Difference |
|---|---|---|---|
| Income Tax | 53.5% | 35% | CA +18.5 pp |
| Corporate Tax | 26% | 20% | CA +6 pp |
| VAT | 5% | 7% | TH +2 pp |
| Capital Gains Tax | 27.4% | 0% | CA +27.4 pplargest gap |
| Crypto Tax | 27.4% | 15% | CA +12.4 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 |
| Thailand | 35% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Taxes on personal income) · as of 2026-02-02 |
| Difference | +18.5 pp | Canada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 26% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Thailand | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +6 pp | Canada higher |
Canada has a corporate tax rate of 26%, 6pp above Thailand's 20%. The 201-country average is 22.6%: Canada sits above it, Thailand sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Canada | 5% | Source: PWC Worldwide Tax Summaries — Canada (Corporate, Other taxes) · as of 2026-06-12 |
| Thailand | 7% | Source: PWC Worldwide Tax Summaries — Thailand (Corporate, Other taxes) · as of 2026-02-02 |
| Difference | −2 pp | Thailand higher |
Thailand has a VAT rate of 7%, 2pp above Canada's 5%. 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 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Income determination) · as of 2026-02-02 |
| Difference | +27.4 pp | Canada higher |
Canada has a capital gains tax rate of 27.4%, 27.4pp above Thailand's 0%. The 175-country average is 10.3%: Canada sits above it, Thailand sits below 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 |
| Thailand | 15% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Income determination) · as of 2026-02-02 |
| Difference | +12.4 pp | Canada higher |
Canada has a crypto tax rate of 27.4%, 12.4pp above Thailand's 15%. The 88-country average is 13%: both sit above it. Canada's figure is dated 2023-12-13 and Thailand's 2026-02-02, 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 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Other taxes) · as of 2026-02-02 |
| Difference | 0 pp | displayed rates match |
Canada and Thailand share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.