Taxes on income, profits and capital gains in Canada
Canada: Taxes on income, profits and capital gains was 334.81 billion current LCU in 2024. ▲ Rising
Taxes on income, profits and capital gains in Canada, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on income, profits and capital gains in Canada is 334.81 billion current LCU, measured in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 82.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in Canada peaked at 334.81 billion current LCU in 2024 and was at its lowest, 70.62 billion current LCU, in 1991.
Canada ranks 58th of 153 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Taxes on income, profits and capital gains in Canada, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 70.99 billion current LCU | — |
| 1991 | 70.62 billion current LCU | -0.5% |
| 1992 | 71.77 billion current LCU | +1.6% |
| 1993 | 70.88 billion current LCU | -1.2% |
| 1994 | 72.77 billion current LCU | +2.7% |
| 1995 | 79.09 billion current LCU | +8.7% |
| 1996 | 86.96 billion current LCU | +10.0% |
| 1997 | 97.18 billion current LCU | +11.7% |
| 1998 | 102.53 billion current LCU | +5.5% |
| 1999 | 111.94 billion current LCU | +9.2% |
| 2000 | 126.02 billion current LCU | +12.6% |
| 2001 | 122.45 billion current LCU | -2.8% |
| 2002 | 116.38 billion current LCU | -5.0% |
| 2003 | 120.84 billion current LCU | +3.8% |
| 2004 | 131.63 billion current LCU | +8.9% |
| 2005 | 140.47 billion current LCU | +6.7% |
| 2006 | 151.48 billion current LCU | +7.8% |
| 2007 | 162.31 billion current LCU | +7.2% |
| 2008 | 161.61 billion current LCU | -0.4% |
| 2009 | 148.85 billion current LCU | -7.9% |
| 2010 | 148.94 billion current LCU | +0.1% |
| 2011 | 162.02 billion current LCU | +8.8% |
| 2012 | 165.33 billion current LCU | +2.0% |
| 2013 | 171.89 billion current LCU | +4.0% |
| 2014 | 183.64 billion current LCU | +6.8% |
| 2015 | 192.39 billion current LCU | +4.8% |
| 2016 | 197.25 billion current LCU | +2.5% |
| 2017 | 210.48 billion current LCU | +6.7% |
| 2018 | 229.33 billion current LCU | +9.0% |
| 2019 | 231.19 billion current LCU | +0.8% |
| 2020 | 238.80 billion current LCU | +3.3% |
| 2021 | 281.75 billion current LCU | +18.0% |
| 2022 | 310.13 billion current LCU | +10.1% |
| 2023 | 319.68 billion current LCU | +3.1% |
| 2024 | 334.81 billion current LCU | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 83.47 billion current LCU | 70.62 billion current LCU | 111.94 billion current LCU | 10 |
| 2000s | 138.20 billion current LCU | 116.38 billion current LCU | 162.31 billion current LCU | 10 |
| 2010s | 189.25 billion current LCU | 148.94 billion current LCU | 231.19 billion current LCU | 10 |
| 2020s | 297.04 billion current LCU | 238.80 billion current LCU | 334.81 billion current LCU | 5 |
Countries ranked near Canada
More public sector data for Canada
- Arms imports 149.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.61 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 96.05 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 149.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 711.23 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0129 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 7.78 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 29.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 8.65 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Canada?
- Taxes on income, profits and capital gains in Canada was 334.81 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Canada?
- The highest recorded value was 334.81 billion current LCU in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Canada?
- The lowest recorded value was 70.62 billion current LCU in 1991.
- How does Canada rank for taxes on income, profits and capital gains?
- Canada ranks 58th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Canada?
- Over the last ten years it is up 82.3%. The long-run trend across the full record is rising.
- Where does this Canada data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.