Canada: Taxes on income, profits and capital gains (current LCU)

Key figures

What the numbers say

In 2024, Canada's taxes on income, profits and capital gains (current LCU) rose 4.7% on 2023 (from 319.68 billion to 334.81 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +5.3% and a typical year strayed about 5.4% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 18% in 2021 and the biggest yearly fall was 7.9% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 16.98 billion a year. A straight line explains 95% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Canada had the 35th highest value of the 89 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Canada in the 2024 ranking

• Sweden — 32nd of 89: 383.48 billion
• Dominican Republic — 33rd of 89: 380.17 billion
• France — 34th of 89: 357.79 billion
• Italy — 36th of 89: 312.52 billion
• Israel — 37th of 89: 233 billion
• Uruguay — 38th of 89: 219.47 billion

What this measures

Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 35 values

Taxes on income, profits and capital gains (current LCU) in nearby economies

• United States — 2.93 trillion (2024)

More public sector data for Canada

• Arms imports (SIPRI trend indicator values) — 83 million (2025)
• Military expenditure (current USD) — 37.49 billion (2025)
• Military expenditure (current LCU) — 52.4 billion (2025)
• Military expenditure (% of GDP) — 1.63% (2025)
• Arms exports (SIPRI trend indicator values) — 312 million (2025)
• Military expenditure (% of general government expenditure) — 3.69% (2025)
• Net acquisition of financial assets (current LCU) — 121.6 billion (2024)
• Net acquisition of financial assets (% of GDP) — 3.91% (2024)
• Central government debt, total (current LCU) — 1.99 trillion (2024)
• Central government debt, total (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Canada's taxes on income, profits and capital gains (current LCU)?

334.81 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 371.61% from 70.99 billion in 1990 (4.67% a year on average, compounded). The highest value was 334.81 billion in 2024 and the lowest 70.62 billion in 1991.

How does Canada rank?

35th highest of 89 economies with data for 2024.

Is the latest change in taxes on income, profits and capital gains (current LCU) unusual for Canada?

In 2024, Canada's taxes on income, profits and capital gains (current LCU) rose 4.7% on 2023 (from 319.68 billion to 334.81 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +5.3% and a typical year strayed about 5.4% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.TAX.YPKG.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.