|International Tax Rules||18||76.59|
Canada ranks 15th overall on the 2019 International Tax Competitiveness Index, five spots better than in 2018.
- Consumption taxes are low, and the associated compliance burden is near the average for OECD countries.
- Canada allows businesses to immediately write off investments in machinery and to write off a larger share of investments in buildings than most other OECD countries.
- Canada does not levy wealth, estate, or inheritance taxes.
- The personal tax on dividends is 39.3 percent, well above the OECD average of 23.8 percent.
- Canada taxes capital gains at a rate of 26.8 percent, while the OECD average is 19.6 percent.
- The corporate rate of 26.8 percent is above average among OECD countries (23.6 percent).