Canada: Income and profits taxes

* indicates monthly or quarterly data series
 Canada

Income, profits, and capital gains taxes: percent of revenue

 Latest value 55.09
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average 52.73
 Min - Max 47.92 - 56.46
 Source The World Bank
For that indicator, we provide data for Canada from 1990 to 2022. The average value for Canada during that period was 52.73 percent with a minimum of 47.92 percent in 1993 and a maximum of 56.46 percent in 2020. The latest value from 2022 is 55.09 percent. For comparison, the world average in 2022 based on 19 countries is 32.05 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Canada - Income and profits taxes - Recent values chart

Historical chart
Canada - Income and profits taxes - historical chart - 1990-2022




Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 20.69 2022 percent
 Government spending, in dollars 448.85 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.60 2022 percent
 Government debt 107.13 2023 percent
 Government expenditure 152.09 Q3/2023 billion
 Long-term government bond yield 3.82 9/2023 percent
 Tax revenue 12.83 2022 percent
 Commercial tax rate 24.50 2019 percent
 Tax preparation time 131 2019 hours
 Number of taxes 8 2019 taxes
 Taxes on goods and services 14.07 2022 percent
 Taxes on international trade 1.26 2022 percent
 Income and profits taxes 55.09 2022 percent
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