Canada's budget to include digital and luxury levies, but no wealth tax

With the country's housing market booming, the government is proposing to tax vacant residential property owned by non-resident, non-Canadian owners from Jan. 1,2022, sources said.

OTTAWA: Canada's first budget in two years, to be presented to parliament on Monday, proposes a sales tax for online platforms and e-commerce warehouses, a digital services tax for Web giants and a luxury tax on items like yachts, government sources familiar with the document said.

It will not include a wealth tax, a levy sought by the opposition New Democrats. Liberal Prime Minister Justin Trudeau's budget will need the support of at least one opposition group to pass.