Corporate Tax Comparison

Canada vs British Virgin Islands

Compare Canada and British Virgin Islands corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Time of Update — Canada: 4/04/2026 · British Virgin Islands: 4/04/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Canada

British Virgin Islands

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Canada: 4/04/2026 · British Virgin Islands: 4/04/2026

Corporate Income Tax (CIT)

Canada

British Virgin Islands

General CIT Rate:

Federal corporate income tax: 15%. Provincial and territorial CITs range from 8% to 16%.

General CIT Rate:

The British Virgin Islands does not impose a corporate income tax on businesses. This tax-free environment is a significant reason why the BVI is an attractive destination for international businesses https://tradecouncil.org/corporate-income-tax-in-the-british-virgin-islands/

CIT Return Due Date:

After six months from the end of the company's fiscal year.

CIT Return Due Date:

CIT Payment Due Date:

Typically, two months after the end of the company's tax year.

CIT Payment Due Date:

CIT Estimated Payment Due Date:

Tax installment payments are usually due on the last day of each month.

CIT Estimated Payment Due Date:

Withholding Tax (WHT)

Canada

British Virgin Islands

Resident Withholding Tax (Dividend/Interest/Royalty):

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

25/25/25

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

Value-Added Tax (VAT)

Canada

British Virgin Islands

General VAT Rate:

5% - 15%

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Value-Added Tax (VAT)

General VAT Rate:

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Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Canada

British Virgin Islands

General Capital Gain Tax Rate:

Half of the capital gains are considered as taxable capital gains, recorded as company income and taxed at the regular tax rate.

General Capital Gain Tax Rate:

Effective Tax Rate (ETR)

Canada

British Virgin Islands

Composite Effective Average Tax Rate:

23.74

Composite Effective Average Tax Rate:

Composite Effective Marginal Tax Rate:

13.74

Composite Effective Marginal Tax Rate:

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