Canada vs United States: Taxes on income, profits and capital gains
Canada
53.9%
in 2024
United States
56.3%
in 2024
Canada rank
5th
United States rank
4th
Taxes on income, profits and capital gains over time
- Canada
- United States
How they compare
United States currently reports 56.3% against 53.9% in Canada, a difference of 2.4%.
The two have swapped places 9 times across 35 shared years of data; in 1990 it was Canada ahead.
Canada ranks 5th and United States ranks 4th of 153 countries.
Across the 4 decades both report, Canada averaged higher in 2 and United States in 2.
Head to head by decade
| Decade | Canada | United States | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 50.3% | 52.6% | 2.3% | United States |
| 2000s | 53.2% | 52.9% | 0.2% | Canada |
| 2010s | 53.9% | 52.0% | 2.0% | Canada |
| 2020s | 55.6% | 56.0% | 0.4% | United States |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Canada or United States?
- United States, at 56.3% against 53.9% in Canada as of 2024.
- What is the difference in taxes on income, profits and capital gains between Canada and United States?
- 2.4%, with United States ahead.
- How many years of comparable data are there for Canada and United States?
- 35 years are reported by both, from 1990 to 2024.
- How do Canada and United States rank globally for taxes on income, profits and capital gains?
- Canada ranks 5th and United States ranks 4th 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.