Based on the wording, companies such as Netflix Inc, Amazon.com Inc and Airbnb Inc would be included in the proposals. The measures would bring in about C$600mil (RM1.88bil) next year and C$1.3bil (RM4.08bil) in the 2022-23 fiscal year, according to documents released as part of the government’s Fall Economic Statement. — Reuters
Canada’s finance department unveiled plans to levy new taxes on foreign technology companies to increase government revenue amid rising deficits.
Finance Minister Chrystia Freeland has proposed charging a sales tax beginning July 1 on foreign companies that sell goods and services online in Canada. Other measures include new levies on short-term accommodation.
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