I-Passport Index

Americas

Canada

Baseline rank

#45 / 116

Baseline score

65.9

Factor scores

How Canada performs

Tax

74.7

Strong

On the high side. Taxes here are heavier than in most countries we cover (81st of 123). Worth taking tax advice before you move. Personal income tax Federal Income Tax 14 - 33% Provincial/Territorial Income Tax 11.5 - 25.75%, corporate tax 38%, VAT 5 -15%.

Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)

Safety

69.5

Strong

Very safe. Canada is one of the most peaceful and stable countries in the index, 13th of 117.

Source: Institute for Economics and Peace, Global Peace Index

Cost of Living

63.3

Moderate

Expensive. Canada is one of the most expensive places to live in the index, 100th of 118. Plan for high everyday costs.

Source: Numbeo Cost of Living Index

Education

56.2

Moderate

Excellent education. Canada has one of the strongest education and knowledge systems in the index, 19th of 120. A strong choice for families and for study.

Source: UNDP & MBRF, Global Knowledge Index

Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.

Tax and citizenship

The detail behind the scores

Taxation

Corporate income tax	38% Applicable tax rate varies based on the location of the business
Personal income tax	Federal Income Tax 14 - 33% Provincial/Territorial Income Tax 11.5 - 25.75% Applicable tax rate varies based on the amount of income earned and location of income earned
Standard VAT	5 -15% Applicable tax rate based on provincial/territorial sales tax combined with federal tax

Rates change without notice. Confirm with the relevant tax authority before acting.

Naturalization Requirements and Immigration Pathway

Residence for naturalization: 3 years
at least 1,095 days (3 years) during 5-year eligibility period of PR
Language requirement: Yes
Proficiency in English language (CLB 4) or Proficiency in French language (NCLC level 4)
Investment Immigration Pathways: Canada Investor Work Permit Program (CPTPP)
British Columbia Provincial Nominee Program (BCPNP)
Official languages: English and French
Dual citizenship: Allows dual citizenship

Pathways

2 immigration pathways

BCPNP - British Columbia Provincial Nominee Program

Minimum investment: CAD 200,000Processing time: 18-20 Months

Program details

CPTPP - Canada Investor Work Permit Program

Minimum investment: CAD 100,000

Program details

Program terms change. Always confirm the current rules with the issuing authority before acting. This page is informational and is not legal or tax advice.

Compare

Elsewhere in Americas

#44 baseline