Canada

Country profiles
Country profiles

Canada

  • Corporate Tax Haven Index ranking: N/A
  • Financial Secrecy Index ranking: 19
  • Tax loss each year to tax havens: $5,743,156,682
  • Tax loss inflicted on other countries: $7,847,038,737

Country profile

Tax abuse losses

$5,743,156,682

lost in tax every year to global tax abuse

$3,310,466,008

lost to tax avoidance committed by multinational corporations

$2,432,690,674

lost to tax evasion committed by private individuals

  • Equivalent to 1.24% tax revenue (tax revenue in 2020 : $464,304,403,971 trillion)
  • Equivalent to loss of $159 per member of population (Population: 36,016,594.40)
  • Smaller than Global Average tax revenue Loss 2.61%
  • Smaller than Regional Average tax revenue Loss 2.33%

Global Rankings

Corporate Tax Haven Index 2019
#N/A

Global Rank (First is Worst)

N/A/100

Haven Score (100 is Worst)

N/A

Share of global tax havenry

Financial Secrecy Index 2020
#19

Global Rank (First is Worst)

55.84/100

Haven Score (100 is Worst)

1.29%

Share of global tax secrecy

Harm to other countries

$7,847,038,737

in tax lost by other countries

$7,557,038,524

by enabling corporate tax avoidance

$290,000,214

by enabling private tax evasion

Responsible for 1.83% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
622,096 nurses

Social impact of lost tax

Tax loss equivalent to 4.32% of health budget
Tax loss equivalent to 6.33% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
102,490 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Inward FDI
Vulnerable Score for this channel is 62.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

United States (41.3%)
Netherlands (21.0%)
Luxembourg (9.5%)

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