CA · Americas · CAD

Canada

Income Tax

53.5%

Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01

Income Tax brackets
Threshold	Rate
CAD 0	14.5%
CAD 57,375	20.5%
CAD 114,750	26%
CAD 177,882	29%
CAD 253,414	33%

Federal brackets only, 2025; provincial/territorial income tax excluded, though it applies in addition in every province and territory — combined top federal+provincial rates range from roughly 44.5% (Nunavut) to 54.8% (Newfoundland and Labrador). The 14.5% first-bracket rate is CRA's own full-year blended figure for 2025, reflecting a mid-year legislated cut from 15% to 14% effective 1 July 2025 (14% applies for the full 2026 year onward). The Basic Personal Amount is a non-refundable credit, not a zero-rate bracket, so it is not modelled as one here. Stored headline rate (53.5296%) reflects a specific federal+provincial combination, not this federal-only schedule.

Corporate Tax

26%

Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01

VAT

Source: OECD Tax Database — VAT/GST standard rates · as of 2023-09-01

Wealth Tax

Source: PWC Worldwide Tax Summaries — Canada (Individual, Other taxes) · as of 2026-06-12

There are no net wealth/worth taxes in Canada.

No verified data yet for: Capital Gains Tax, Crypto Tax.