Category: Country

The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in Canada decreased by 1.0 percentage point from 34.3% in 2020 to 33.2% in 2021. Between 2020 and 2021, the OECD average increased from 33.6% to 34.1%.

Carbon pricing is a powerful tool that can help countries meet climate targets, lead to cleaner air and water, and improve public finances. This country note takes stock of how carbon prices on greenhouse gas emissions have evolved in Canada between 2018 and 2021. It estimates effective carbon prices resulting from carbon taxes, emissions trading...

These country profiles focus on countries’ domestic legislation regarding key transfer pricing principles, including the arm’s length principle, transfer pricing methods, comparability analysis, intangible property, intra-group services, cost contribution agreements, transfer pricing documentation, administrative approaches to avoiding and resolving disputes, safe harbours and other implementation measures.

The tax wedge for the average single worker in Canada increased by 0.6 percentage points from 30.9% in 2020 to 31.5% in 2021. The OECD average tax wedge in 2021 was 34.6% (2020, 34.6%). In 2021, Canada had the 27th lowest tax wedge among the 38 OECD member countries, occupying the same position in 2020.

It is with immense sadness that my colleagues and I learnt of the passing of the Honourable Donald Johnston, OECD Secretary-General from 1996 until 2006.