Taxes on income, profits and capital gains in Canada
Canada: Taxes on income, profits and capital gains was 53.9% 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 % of revenue.
Analysis
Canada recorded 53.9% for taxes on income, profits and capital gains in 2024.
The figure is down 1.7% on the previous year and down 0.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in Canada peaked at 57.1% in 2022 and was at its lowest, 47.9%, in 1993.
That places Canada 5th out of 153 countries with data for 2024, putting it in the top 10%.
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 | % of revenue | Change |
|---|---|---|
| 1990 | 51.7% | — |
| 1991 | 49.1% | -5.1% |
| 1992 | 48.3% | -1.7% |
| 1993 | 47.9% | -0.8% |
| 1994 | 48.0% | +0.1% |
| 1995 | 48.8% | +1.7% |
| 1996 | 51.1% | +4.6% |
| 1997 | 51.8% | +1.4% |
| 1998 | 52.6% | +1.4% |
| 1999 | 53.7% | +2.2% |
| 2000 | 54.4% | +1.3% |
| 2001 | 52.9% | -2.9% |
| 2002 | 50.3% | -5.0% |
| 2003 | 50.3% | +0.2% |
| 2004 | 52.5% | +4.3% |
| 2005 | 53.1% | +1.1% |
| 2006 | 54.5% | +2.5% |
| 2007 | 54.8% | +0.7% |
| 2008 | 55.2% | +0.6% |
| 2009 | 53.5% | -3.0% |
| 2010 | 52.8% | -1.4% |
| 2011 | 53.8% | +2.0% |
| 2012 | 53.0% | -1.4% |
| 2013 | 53.1% | +0.2% |
| 2014 | 54.1% | +1.8% |
| 2015 | 54.0% | -0.1% |
| 2016 | 54.4% | +0.7% |
| 2017 | 54.5% | +0.2% |
| 2018 | 55.2% | +1.4% |
| 2019 | 54.5% | -1.3% |
| 2020 | 56.5% | +3.6% |
| 2021 | 55.8% | -1.2% |
| 2022 | 57.1% | +2.4% |
| 2023 | 54.9% | -4.0% |
| 2024 | 53.9% | -1.7% |
Canada compared with similar countries
- Canada's 53.9% is above the median for high income countries, which is 24.5%, 2.2× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 50.3% | 47.9% | 53.7% | 10 |
| 2000s | 53.2% | 50.3% | 55.2% | 10 |
| 2010s | 53.9% | 52.8% | 55.2% | 10 |
| 2020s | 55.6% | 53.9% | 57.1% | 5 |
Countries ranked near Canada
- 2 Papua New Guinea 59.4% compare
- 3 New Zealand 56.7% compare
- 4 United States of America 56.3% compare
- 6 Denmark 51.4% compare
- 7 South Africa 50.8% compare
- 8 Malaysia 47.6% compare
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 53.9% 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 57.1% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Canada?
- The lowest recorded value was 47.9% in 1993.
- How does Canada rank for taxes on income, profits and capital gains?
- Canada ranks 5th 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 down 0.3%. 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 (% of revenue). Statizoid updates them automatically from the source API.
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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.