Effective bank tax rate reached 14.0% in fourth quarter of 2020 in Canada, according to the National Central Bank. This is 28.1% less than in the previous quarter.
Historically, effective bank tax rate in Canada reached an all time high of 30.3% in 4Q2010 and an all time low of 14.0% in 4Q2020.
Canada has been ranked 40th within the group of 57 countries we follow in terms of effective bank tax rate.
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