Canada
AmericasVS
Australia
OceaniaCanada vs Australia Tax Comparison
Summary
4
🇨🇦 Canada
0
Ties
3
🇦🇺 Australia
🇨🇦 Canada has lower tax rates in more categories
Tax Rates Comparison
| Category | 🇨🇦Canada | 🇦🇺Australia |
|---|---|---|
| Top Income Tax Rate | 33%Lower | 45% |
| Corporate Tax Rate | 26.5%Lower | 30% |
| VAT / Sales Tax | 5%Lower | 10% |
| Capital Gains Tax | 26.76% | 22.5%Lower |
| Employee Social Security | 7.2% | 0%Lower |
| Employer Social Security | 7.7%Lower | 11.5% |
| Self-Employed Social Security | 14.4% | 0%Lower |
Living Indicators
| Category | 🇨🇦Canada | 🇦🇺Australia |
|---|---|---|
| Cost of Living Index | 68Lower | 73 |
| Quality of Life Index | 76Lower | 78 |
| Tax Treaties | 94 | 46Lower |
Income Tax Brackets
Canada
0 - 55,86715%
55,867 - 111,73320.5%
111,733 - 154,90626%
154,906 - 220,00029%
220,000+33%
Federal rates. Provincial taxes add 4-25.75%. Combined top rate ranges from 44.5% (Nunavut) to 54.8% (Nova Scotia).
Australia
0 - 18,2000%
18,200 - 45,00016%
45,000 - 135,00030%
135,000 - 190,00037%
190,000+45%
2024-25 rates after Stage 3 tax cuts. Plus 2% Medicare levy. 47% effective top rate.
Special Tax Regimes
Canada
SR&ED Tax Credit
Investment tax credit of 15-35% for scientific research and experimental development expenditures.
Australia
No special tax regimes available.
Digital Nomad Visa
CanadaNot Available
AustraliaNot Available
Disclaimer: This content is for informational purposes only and does not constitute tax advice. Tax laws change frequently. Always consult a qualified tax professional before making decisions about your tax residency or obligations.
Data last updated: Canada (2024-01) · Australia (2024-01)