Canadian Taxes Vs. US Taxes

For individuals whose adjusted gross incomes range between $8,375 and $34,000, there is no tax difference between taxes in the United States and Canada. Both countries charge 15 percent.

For individuals whose adjusted gross incomes range between $34,000 and $81,940, taxes are higher in the United States. Depending on where in that range your income falls, your taxes could be 3 to 10 percent higher in the U.S. Taxes in the U.S. are 2 percent higher than in Canada for individuals whose adjusted gross income falls between $82,400 and $127,021. Taxes are 4 percent higher in the U.S. for individuals whose adjusted gross incomes range between $171,850 and $373,650. Taxes are 6 percent higher in the U.S. for individuals whose adjusted gross incomes are above $373,650.

Taxes are 5 percent higher in Canada than in the U.S. for individuals whose adjusted gross incomes are below $8,375. Taxes are 1 percent higher in Canada than in the U.S. for individuals whose adjusted gross incomes are between $81,940 and $82,400. Taxes are 1 percent higher in Canada than in the U.S. for individuals whose adjusted gross incomes are between $127,021 and $171,850.

Canadian citizens file individual income taxes annually, on April 30, for the previous calendar year. They also have the option to pay quarterly during the tax year. U.S. citizens must file and pay annually on April 15.