North America · Northern America

Canada

A rule-of-law, G7 passport with no inheritance tax and no wealth tax — but Canada has spent 2024–2026 systematically closing every route a wealthy family used to buy in, and it charges a deemed-disposition departure tax on the way out.

Last verified July 2026181 visa-free destinations

Tax position

Income tax (top): 33% federal; combined federal-provincial top marginal rates run roughly 44% (Alberta) to 55% (Newfoundland and Labrador), with Ontario ~53.5% and Quebec ~53.3%
Capital gains: 50% inclusion rate taxed at marginal rates (effective ~22–27.5%); the proposed increase to 66.67% was deferred in January 2025 and then CANCELLED outright on 21 March 2025
Wealth tax: none
Inheritance tax: none — but there is a deemed disposition of all capital property at death, taxed on the final return, plus provincial probate fees
Special regime: None. The 60-month immigration trust exemption, Canada's only meaningful inbound regime, was repealed effective 2015.
Territorial: No — worldwide income taxed
CFC rules: Yes
Exit tax: Yes — leaving has a cost
CRS: Participating