Taxes/Benefits Characteristics Rates

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Tax on dividends Canadian companies' dividend earnings Standard rate of 25%
Capital gains tax Profits obtained from the sale of companies in the country It depends on the type of investment
Withholding tax on interest Interest nigeria phone number library generated by corporate or government bonds 25% rate (reductions and exemptions may apply)
International tax treaties Agreements to avoid double tax payments Reduction of rates to 15%
Exemption on public bonds Some Canadian government bonds are tax-exempt Exemption
Registered Investment Accounts Tax-advantaged investment accounts such as RRSP (Registered Retirement Savings Plan) Reduction in rates
Taxes and benefits for investors in the Canadian stock market.
Frequently asked questions about taxes for foreigners in Canada
Are all foreigners required to pay taxes when living in Canada?
Yes, all foreigners must pay taxes in Canada on income earned within the country. This income can be generated by work, rent, property sales or investments. Rates may be reduced depending on agreements that the Canadian government has with your country of origin.

What tax treaties does Canada have with other countries?
Canada has signed more than 90 double taxation agreements with other countries. These treaties seek to avoid the duplication of tax payments in two different jurisdictions. The benefit of this type of agreement is the reduction or exemption of certain taxes.