Canadian Taxes Vs. US Taxes

by Karen Y. Larkin

Canada's 2010 national income taxes range between 15 and 29 percent, while federal income taxes in the United States range between 10 and 35 percent for the same time period.

Equal Taxes in the United States and Canada

For individuals whose adjusted gross incomes range between $8,375 and $34,000, there is no tax difference between taxes in the United States and Canada. Both countries charge 15 percent.

Higher Taxes in the United States

For individuals whose adjusted gross incomes range between $34,000 and $81,940, taxes are higher in the United States. Depending on where in that range your income falls, your taxes could be 3 to 10 percent higher in the U.S. Taxes in the U.S. are 2 percent higher than in Canada for individuals whose adjusted gross income falls between $82,400 and $127,021. Taxes are 4 percent higher in the U.S. for individuals whose adjusted gross incomes range between $171,850 and $373,650. Taxes are 6 percent higher in the U.S. for individuals whose adjusted gross incomes are above $373,650.

Higher Taxes in Canada

Taxes are 5 percent higher in Canada than in the U.S. for individuals whose adjusted gross incomes are below $8,375. Taxes are 1 percent higher in Canada than in the U.S. for individuals whose adjusted gross incomes are between $81,940 and $82,400. Taxes are 1 percent higher in Canada than in the U.S. for individuals whose adjusted gross incomes are between $127,021 and $171,850.

Due Dates

Canadian citizens file individual income taxes annually, on April 30, for the previous calendar year. They also have the option to pay quarterly during the tax year. U.S. citizens must file and pay annually on April 15.

About the Author

Karen Y. Larkin was a contributing author to the critically acclaimed "Bodywise Woman," published in 1996. She has also written extensively for "The Melpomene Journal for Women's Health," U.S. Bank, and Love to Know. She hold a bachelor's degree in English.

Photo Credits

  • tax defined image by Christopher Walker from Fotolia.com