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comparing tax in canada with japan

CanadaJapanDifference in Japan
Gross Income 49,035.42 CAD / 30,000.00 GBP 4,040,496.03 JPY / 30,000.00 GBP - 0.00 GBP
Tax Due 11,285.83 CAD / 6,904.70 GBP 1,251,275.41 JPY / 9,290.51 GBP + 2,385.81 GBP
Net Income 37,749.59 CAD / 23,095.30 GBP 2,789,220.62 JPY / 20,709.49 GBP - 2,385.81 GBP
Overall Tax Rate 23 % 31 % + 8.00 %.

Figures based upon 1 CAD = 0.61180265 GBP.

Figures based upon 1 JPY = 0.00742483 GBP.

In Canada, an income of 49,035.42 CAD / 30,000.00 GBP is more than the lowest average advertised salary of 29,660.00 CAD / 18,146.07 GBP and less than the country's average income of 56,000.00 CAD / 34,260.95 GBP.

In Japan, an income of 4,040,496.03 JPY / 30,000.00 GBP is more than the lowest average advertised salary of 1,530,000.00 JPY / 11,359.99 GBP and less than the country's average income of 5,400,000.00 JPY / 40,094.08 GBP.

Here are how much some common purchases cost in Canada vs Japan:

CanadaJapanDifference in Japan
Water Bottle (1.5L) 2.22 CAD / 1.36 GBP 130.33 JPY / 0.97 GBP - 0.39 GBP
Milk Bottle (1L) 2.27 CAD / 1.39 GBP 183.91 JPY / 1.37 GBP - 0.02 GBP
Pint of Beer 6.00 CAD / 3.67 GBP 400.00 JPY / 2.97 GBP - 0.70 GBP
Bread (500g) 2.77 CAD / 1.69 GBP 195.41 JPY / 1.45 GBP - 0.24 GBP
Chicken Breasts (1kg) 13.10 CAD / 8.01 GBP 776.04 JPY / 5.76 GBP - 2.25 GBP
Petrol UK Gallon 5.64 CAD / 3.45 GBP 645.71 JPY / 4.79 GBP + 1.34 GBP
Volkswagen Golf or Equivalent 25,000.00 CAD / 15,295.07 GBP 2,534,500.00 JPY / 18,818.23 GBP + 3,523.16 GBP
Broadband Internet Monthly 73.69 CAD / 45.08 GBP 4,665.89 JPY / 34.64 GBP - 10.44 GBP
Rent One Bedroom Apt. In City (Monthly) 1,218.19 CAD / 745.29 GBP 86,722.76 JPY / 643.90 GBP - 101.39 GBP
Purchase One Bedroom Apt. In City 200,098.85 CAD / 122,421.01 GBP 30,368,158.80 JPY / 225,478.42 GBP + 103,057.44 GBP

Part of North America, Canada covers an area of 9,156,521 square kilometers.

Canada has a Gross Domestic Product (PPP) of 1,674.31 ($ Billion) from a population of 36,626,083.

Federal taxes are joined by provincial taxes in this progressive tax system - jointly ranging from 20.05% to 46.16% plus surcharges.

Federal taxes are as follow:

Below 46605 CAD - 15%

Between 46605 CAD and 93208 CAD - 20.5%.

Between 93208 CAD and 144489 CAD - 26%.

Between 144489 CAD and 205842 CAD - 29%.

Above 205842 CAD - 33%.

For Canada we are using the Ontario province for comparative purposes.

Ontario provincial taxes are as follow:

Below 42960 CAD - 5.05%

Between 42960 CAD and 85923 CAD - 9.15%.

Between 85923 CAD and 150000 CAD - 11.16%.

Between 150000 CAD and 220000 CAD - 12.16%.

Above 220000 CAD - 13.16%.

Ontario also has a surcharge where the provincial taxes exceed 4,638 CAD (20%) or 5,936 (56%).

Social security contributions are pension plan: 4.95% (Max 2,594 CAD) and employment insurance: 1.88% (Max 858 CAD).

15% of the total paid toward social security is returned as a tax credit against the federal tax bill.

A basic personal tax credit of 1,721 CAD is available as well as 15% of employment income (Capped to 174 CAD)

Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Part of Asia, Japan covers an area of 364,503 square kilometers.

Japan has a Gross Domestic Product (PPP) of 4,931.88 ($ Billion) from a population of 126,045,211.

A progressive tax system spread over 7 bands - ranging from 5% to 45%.

Tax bands are as follow:

Below 1950000 JPY - 5%

Between 1950000 JPY and 3300000 JPY - 10%.

Between 3300000 JPY and 6950000 JPY - 20%.

Between 6950000 JPY and 9000000 JPY - 23%.

Between 9000000 JPY and 18000000 JPY - 33%.

Between 18000000 JPY and 40000000 JPY - 40%.

Above 40000000 JPY - 45%.

A surcharge is applicable of 2.1% on the calculated national income tax.

A local inhabitant's income tax is also imposed at a 10% flat rate on taxable income.

Employee's can use an earned income deduction to reduce the amount taxable - this is based on a scale.

Residents receive a national and local personal tax exemption this is on a scale from 480,000 JPY to 0 JPY.

Social insurance premiums in Tokyo charged on gross income are: Health 4.98% (Capped at 16.68M JPY of gross income), Welfare and Pension 9.091% (Capped at 7.44M JPY of gross income), Unemployment 0.85% (not capped).

Source: https://www.nta.go.jp/foreign_language/.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Help

This calculator allows you to calculate income taxes and social contributions equivalent for Canada and Japan and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to Canada's and Japan's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.

How we compare world taxes

We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.

We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.

Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.

It is quick and easy to use and you can get a detailed result at the click/tap of a button!

Compare tax using these examples:

We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!

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