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🇨🇦 Canada vs 🇸🇬 Singapore
Singapore EP holders keep ~$27,000 more than Canada at $150k
2026 tax data · Last reviewed: April 1, 2026 · Source: methodology
TL;DR — Key Takeaways
- →At $150,000 salary: Singapore (EP) take-home ≈ $127,500 vs. Canada (Ontario) ≈ $100,500.
- →Canada's combined federal + provincial rate at CAD 200k exceeds 40%; Singapore's effective rate is ~15%.
- →CPP and EI add ~7.6% to Canadian employee costs with no Singapore equivalent for EP holders.
- →Singapore taxes only Singapore-source income; Canada taxes worldwide income of residents.
- →Both countries are English-speaking and Commonwealth-heritage; Singapore offers faster mobility in Asia.
Net Pay at $150,000 Salary (2026)
🇨🇦
Canada
$100,500
estimated net take-home
Top rate: 33%
🇸🇬
Singapore
$127,500
estimated net take-home
Top rate: 24%
Annual delta at $150,000
🇸🇬 Singapore saves $27,000/year
Over 10 years at 7% compounding: $399,060 more
Key Tax Differences
| Factor | 🇨🇦 Canada | 🇸🇬 Singapore |
|---|---|---|
| Top income tax rate | 33% | 24% |
| Effective rate at $100k | 26% | 10% |
| Taxation basis | Worldwide | Territorial |
| Special regimes | None | Not Ordinarily Resident (NOR) Scheme |
🇨🇦 Canada — Key Tax Facts
- →Federal income tax: 15%–33% progressive; basic personal amount (BPA) exempts first ~$16,129.
- →Provincial tax adds 5.05%–25.75% depending on province — Ontario top combined rate ~53.5%.
- →CPP and EI: total employee contributions ~7.6% up to income caps.
- →Canada taxes worldwide income of tax residents.
- →Capital gains: 50% of gains included in income (inclusion rate); no separate CGT.
- →TFSA and RRSP accounts provide significant tax-sheltered savings opportunities.
🇸🇬 Singapore — Key Tax Facts
- →Income tax: 0%–24% progressive; no tax on first SGD 20,000.
- →Employment Pass (EP) holders pay NO CPF contributions — significant advantage for expats.
- →Citizens and PRs contribute 20% employee CPF + 17% employer CPF (capped at SGD 6,300/month ordinary wages).
- →Singapore taxes income sourced in Singapore; most foreign-source income is exempt.
- →No capital gains tax, no inheritance tax, no wealth tax.
- →Effective rate for EP holders at SGD 150k (≈ USD 112k): approximately 12%.
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Estimates assume a single filer with no dependents and no treaty benefits. Not tax advice. See methodology.