Canada vs Latin America & Caribbean (excluding high income): Taxes on income, profits and capital gains
Taxes on income, profits and capital gains over time
- Canada
- Latin America & Caribbean (excluding high income)
How they compare
Canada currently reports 53.9% against 29.3% in Latin America & Caribbean (excluding high income), a difference of 24.6%.
That makes Canada's figure about 1.8 times Latin America & Caribbean (excluding high income)'s.
Across all 25 years both countries report, Canada has been ahead every year.
Canada ranks 5th and Latin America & Caribbean (excluding high income) ranks 6th of 153 countries.
Canada has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Canada | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 53.1% | 19.6% | 33.6% | Canada |
| 2000s | 53.5% | 22.0% | 31.5% | Canada |
| 2010s | 53.9% | 26.8% | 27.1% | Canada |
| 2020s | 55.6% | 29.3% | 26.3% | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Canada or Latin America & Caribbean (excluding high income)?
- Canada, at 53.9% against 29.3% in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in taxes on income, profits and capital gains between Canada and Latin America & Caribbean (excluding high income)?
- 24.6%, with Canada ahead.
- How many years of comparable data are there for Canada and Latin America & Caribbean (excluding high income)?
- 25 years are reported by both, from 1998 to 2024.
- How do Canada and Latin America & Caribbean (excluding high income) rank globally for taxes on income, profits and capital gains?
- Canada ranks 5th and Latin America & Caribbean (excluding high income) ranks 6th of 153 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.