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Effective Bank Tax Rate in Canada

Source: Helgi Calculation
Last Updated:

Effective bank tax rate reached 17.5% in 2020 in Canada, according to the National Central Bank. This is 14.0% less than in the previous year.

Historically, effective bank tax rate in Canada reached an all time high of 34.7% in 1996 and an all time low of 12.3% in 2008.

Canada has been ranked 37th within the group of 58 countries we follow in terms of effective bank tax rate.

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