Venezuela vs Canada
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ป๐ช Venezuela โ Municipal & State Taxes
Venezuela's 23 states and Caracas Capital District have constitutionally defined taxing powers. States levy taxes on minerals, hydrocarbons (petrรณleo royalties), and salinas. Municipalities levy the Impuesto sobre Actividades Econรณmicas (IAE) โ a gross receipts tax โ at 0.5%โ10% on businesses, varying dramatically by municipality. The SENIAT (tax authority) administers national taxes. Hyperinflation (2017โ2021) destroyed the bolรญvar and most formal taxation. Dollarization and new strong bolรญvar (VES) partially stabilized the system. Significant informal economy.
๐จ๐ฆ Canada โ Provincial Income & Sales Taxes
Canada's 10 provinces each levy their own income tax (4%โ25.75% 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.
Venezuela vs Canada: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ป๐ช Venezuela has a higher top income tax rate (6โ34% vs 15โ33%). ๐จ๐ฆ Canada is more favourable for high earners.
๐ VAT/Sales Tax: Venezuela has a higher consumption tax (16% vs 5โ15%).
๐ข Corporate Tax: ๐จ๐ฆ Canada offers a lower corporate rate (15% vs 34%), which can influence business location decisions.
๐ Capital Gains: ๐จ๐ฆ Canada taxes investment gains at a lower rate (33.3% vs 34%), benefiting investors.