Canada vs Latvia: Paying taxes: Profit tax
Canada
8.0%
in 2019
Latvia
7.8%
in 2019
Canada rank
155th
Latvia rank
156th
Paying taxes: Profit tax over time
- Canada
- Latvia
How they compare
Canada currently reports 8.0% against 7.8% in Latvia, a difference of 0.2%.
The two have swapped places 2 times across 15 shared years of data; in 2005 it was Canada ahead.
Canada ranks 155th and Latvia ranks 156th of 190 countries.
Across the 2 decades both report, Canada averaged higher in 1 and Latvia in 1.
Head to head by decade
| Decade | Canada | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 25.2% | 6.7% | 18.4% | Canada |
| 2010s | 3.8% | 6.0% | 2.3% | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: profit tax, Canada or Latvia?
- Canada, at 8.0% against 7.8% in Latvia as of 2019.
- What is the difference in paying taxes: profit tax between Canada and Latvia?
- 0.2%, with Canada ahead.
- How many years of comparable data are there for Canada and Latvia?
- 15 years are reported by both, from 2005 to 2019.
- How do Canada and Latvia rank globally for paying taxes: profit tax?
- Canada ranks 155th and Latvia ranks 156th of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Profit tax (% of profits). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.