Canada vs United States: Taxes on income, profits and capital gains
Canada
78.5%
in 2024
United States
93.0%
in 2024
Canada rank
4th
United States rank
1st
Taxes on income, profits and capital gains over time
- Canada
- United States
How they compare
United States currently reports 93.0% against 78.5% in Canada, a difference of 14.5%.
That makes United States's figure about 1.2 times Canada's.
Across all 35 years both countries report, United States has been ahead every year.
Canada ranks 4th and United States ranks 1st of 153 countries.
United States has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Canada | United States | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 72.0% | 89.6% | 17.6% | United States |
| 2000s | 75.5% | 90.9% | 15.4% | United States |
| 2010s | 77.8% | 90.8% | 13.0% | United States |
| 2020s | 79.0% | 92.6% | 13.6% | 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 93.0% against 78.5% in Canada as of 2024.
- What is the difference in taxes on income, profits and capital gains between Canada and United States?
- 14.5%, 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 4th and United States ranks 1st 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.