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Canada vs Venezuela
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

πŸ‡¨πŸ‡¦ Canada
vs
πŸ‡»πŸ‡ͺ Venezuela
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
15–33%
Federal brackets; new govt may revisit top rates
No change
6–34%
34% top; dollarized economy stabilizing tax base
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
5–15%
GST/HST normalized after holiday period
No change
16%
16% IVA maintained
No change
Corporate Tax Rate
Corporate Tax Rate
15%
15% federal; Global Minimum Tax active
No change
15–34%
15–34%; oil sector investment incentives
No change
Capital Gains Tax
Capital Gains Tax
~33.3%
2/3 inclusion rate maintained
No change
34%
34% as income
No change
Social Security & Payroll
Social Security / Payroll
~12.3%
CPP contribution rates stabilizing
No change
~20%
IVSS reform needed; formal sector growing slowly
No change
State, Regional & Local Taxes

πŸ‡¨πŸ‡¦ Canada β€” Provincial Income & Sales Taxes

Canada's 10 provinces each levy their own income tax (4%–25.75% top). Combined federal+provincial top rates exceed 50% in Quebec, Nova Scotia, and Ontario. Quebec has its own QPP and QST (9.975%). Alberta has no provincial sales tax. HST replaces GST+PST in Atlantic provinces and Ontario. Property taxes are municipal.

πŸ‡»πŸ‡ͺ Venezuela β€” Municipal & State Taxes

Venezuela's 23 states and Caracas Capital District have constitutionally defined taxing powers. States levy taxes on minerals, hydrocarbons (petrΓ³leo royalties), and salinas. Municipalities levy the Impuesto sobre Actividades EconΓ³micas (IAE) β€” a gross receipts tax β€” at 0.5%–10% on businesses, varying dramatically by municipality. The SENIAT (tax authority) administers national taxes. Hyperinflation (2017–2021) destroyed the bolΓ­var and most formal taxation. Dollarization and new strong bolΓ­var (VES) partially stabilized the system. Significant informal economy.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Canada vs Venezuela: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡»πŸ‡ͺ Venezuela has a higher top income tax rate (15–33% vs 6–34%). πŸ‡¨πŸ‡¦ Canada is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Venezuela has a higher consumption tax (5–15% vs 16%).

🏒 Corporate Tax: πŸ‡¨πŸ‡¦ Canada offers a lower corporate rate (15% vs 34%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡¨πŸ‡¦ Canada taxes investment gains at a lower rate (33.3% vs 34%), benefiting investors.

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