Canada's taxation system is similar to that of the United States. This shouldn't be surprising—the countries have similar economic systems, they share extensive trade ties and both have legal systems based on British common law. However, there are several noteworthy differences in the tax laws. read more
However, there are several noteworthy differences in the tax laws. Government Spending and Taxes. The tax rates in Canada are usually higher than in the United States. In Canada, tax revenue makes up 38.4 percent of the GDP, while in the United States, the tax revenue makes up 28.2 percent. read more