Taxes on income, profits and capital gains in Canada
Canada: Taxes on income, profits and capital gains was 78.5% 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 total taxes.
Analysis
In 2024, taxes on income, profits and capital gains in Canada stood at 78.5%.
That represents a change of up 0.1% on the previous year and up 0.7% over ten years.
Over the whole period, taxes on income, profits and capital gains in Canada peaked at 79.6% in 2020 and was at its lowest, 69.5%, in 1993.
That places Canada 4th 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 total taxes | Change |
|---|---|---|
| 1990 | 72.3% | — |
| 1991 | 69.9% | -3.4% |
| 1992 | 69.8% | -0.1% |
| 1993 | 69.5% | -0.4% |
| 1994 | 70.3% | +1.1% |
| 1995 | 71.6% | +1.8% |
| 1996 | 72.9% | +1.8% |
| 1997 | 73.6% | +0.9% |
| 1998 | 74.3% | +1.0% |
| 1999 | 75.6% | +1.7% |
| 2000 | 76.7% | +1.5% |
| 2001 | 75.4% | -1.6% |
| 2002 | 72.9% | -3.4% |
| 2003 | 72.8% | -0.1% |
| 2004 | 73.8% | +1.4% |
| 2005 | 74.3% | +0.6% |
| 2006 | 75.8% | +2.1% |
| 2007 | 77.2% | +1.7% |
| 2008 | 78.7% | +2.0% |
| 2009 | 77.0% | -2.2% |
| 2010 | 76.2% | -1.0% |
| 2011 | 77.4% | +1.5% |
| 2012 | 77.6% | +0.3% |
| 2013 | 77.7% | +0.2% |
| 2014 | 78.0% | +0.3% |
| 2015 | 78.0% | +0.1% |
| 2016 | 77.9% | -0.1% |
| 2017 | 78.0% | +0.0% |
| 2018 | 78.6% | +0.8% |
| 2019 | 78.4% | -0.2% |
| 2020 | 79.6% | +1.4% |
| 2021 | 79.4% | -0.2% |
| 2022 | 79.1% | -0.4% |
| 2023 | 78.5% | -0.7% |
| 2024 | 78.5% | +0.1% |
Canada compared with similar countries
- Canada's 78.5% is above the median for high income countries, which is 43.9%, 1.8× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 72.0% | 69.5% | 75.6% | 10 |
| 2000s | 75.5% | 72.8% | 78.7% | 10 |
| 2010s | 77.8% | 76.2% | 78.6% | 10 |
| 2020s | 79.0% | 78.5% | 79.6% | 5 |
Countries ranked near Canada
- 1 United States 93.0% compare
- 2 East Timor 81.8% compare
- 3 Equatorial Guinea 79.2% compare
- 5 Australia 76.6% compare
- 6 Angola 70.1% compare
- 7 Papua New Guinea 67.0% 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 78.5% 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 79.6% in 2020.
- What is the lowest taxes on income, profits and capital gains recorded in Canada?
- The lowest recorded value was 69.5% in 1993.
- How does Canada rank for taxes on income, profits and capital gains?
- Canada ranks 4th 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 0.7%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.