The federal government expects to pull in around $3.4 billion over five years from Facebook, Google, Airbnb and others offering Canadians digital services and products.
The first-time taxation of foreign digital platforms and services will take effect July 1, 2021, to give Silicon Valley tech players time to register for, collect and direct to the federal government the GST and HST on their taxable sales to Canadian consumers, Freeland proposed.
Source: hollywoodreporter.com
Latest Posts in "Canada"
- Canada Announces Q2 2026 Tax Interest Rates for Individuals and Corporations
- CBSA Increases Certain Fees by 25.3% and Applies GST/HST Effective April 2026
- Alberta to Introduce 6% Tax on Passenger Vehicle Rentals Starting January 2027
- Canada Border Services Agency adjusts certain fees for inflation and GST/HST
- Alaska and Montana Consider Statewide Sales Tax Amid Fiscal Pressures and Revenue Diversification Needs
