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
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