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Canada vs Venezuela: tax rates compared
Canada has an income tax rate of 53.5%, 19.5pp above Venezuela's 34%. The 200-country average is 28%: both sit above it. Canada's figure is dated 2025-01-01 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
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 | VE | Difference |
|---|---|---|---|
| Income Tax | 53.5% | 34% | CA +19.5 pp |
| Corporate Tax | 26% | 34% | VE +8 pp |
| VAT | 5% | 16% | VE +11 pp |
| Capital Gains Tax | 27.4% | 1% | CA +26.4 pplargest gap |
| Wealth Tax | 0% | 0.3% | VE +0.3 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 53.5% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | +19.5 pp | Canada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 26% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Venezuela | 34% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −8 pp | Venezuela higher |
Venezuela has a corporate tax rate of 34%, 8pp above Canada's 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 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | −11 pp | Venezuela higher |
Venezuela has a VAT rate of 16%, 11pp above Canada's 5%. The 181-country average is 15%: Canada sits below it, Venezuela 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 |
| Venezuela | 1% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Income determination) · as of 2026-01-12 |
| Difference | +26.4 pp | Canada higher |
Canada has a capital gains tax rate of 27.4%, 26.4pp above Venezuela's 1%. The 175-country average is 10.3%: Canada sits above it, Venezuela sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Canada | 0% | Source: PWC Worldwide Tax Summaries — Canada (Individual, Other taxes) · as of 2026-06-12 |
| Venezuela | 0.3% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Other taxes) · as of 2026-01-12 |
| Difference | −0.3 pp | Venezuela higher |
Venezuela has a wealth tax rate of 0.3%, 0.3pp above Canada's 0%. The 193-country average is 0.1%: Canada sits below it, Venezuela sits above it.
Not covered for both countries yet: Crypto Tax.