Monaco vs Canada
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
Individual Income Tax (Top Marginal Rate)
VAT / GST / Sales Tax
Corporate Tax Rate
Capital Gains Tax
Social Security & Payroll
🇲🇨 Monaco — No Sub-National Tax Variation
Monaco is a city-state with no sub-national taxation. Monaco has no personal income tax for residents (with limited exception for French nationals under a bilateral treaty). Corporate tax at 33.33% applies only to companies deriving more than 25% of revenue from outside Monaco. This principality between France and Italy is the world's most famous tax haven — with the world's highest per-capita millionaires. VAT is aligned with the French system.
🇨🇦 Canada — Provincial Income & Sales Taxes
Canada's 10 provinces each levy their own income tax (4%–25.75% 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.
Monaco vs Canada: Key Tax Differences (2026)
💰 Income Tax: 🇨🇦 Canada has a higher top income tax rate (0% vs 15–33%). 🇲🇨 Monaco is more favourable for high earners.
🛒 VAT/Sales Tax: Monaco has a higher consumption tax (20% vs 5–15%).
🏢 Corporate Tax: 🇨🇦 Canada offers a lower corporate rate (15% vs 33.33%), which can influence business location decisions.
📈 Capital Gains: 🇲🇨 Monaco taxes investment gains at a lower rate (0% vs 33.3%), benefiting investors.