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Economy > Tax > Taxes on income Stats: compare key data on Canada & Trinidad and Tobago

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Definitions

  • Profits and capital gains > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Profits and capital gains > % of total taxes: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Profits and capital gains > Current LCU: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • Profits and capital gains including income tax > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • Profits and capital gains including income tax > % of total taxes: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
STAT Canada Trinidad and Tobago HISTORY
Profits and capital gains > % of revenue 53.47%
Ranked 4th. 28% more than Trinidad and Tobago
41.92%
Ranked 6th.

Profits and capital gains > % of total taxes 74.61%
Ranked 2nd. 50% more than Trinidad and Tobago
49.77%
Ranked 11th.

Profits and capital gains > Current LCU 154.73 billion
Ranked 28th. 6 times more than Trinidad and Tobago
23.89 billion
Ranked 56th.

Profits and capital gains including income tax > % of revenue 53.21%
Ranked 4th.
57.3%
Ranked 3rd. 8% more than Canada

Profits and capital gains including income tax > % of total taxes 74.81%
Ranked 3rd. 11% more than Trinidad and Tobago
67.1%
Ranked 6th.

SOURCES: World Development Indicators database; International Monetary Fund, Government Finance Statistics Yearbook and data files.

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