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News

A look at digital services tax that Canada has cancelled

Insider on MSN · 18h
US tech giants saved billions with Canada backing off its digital services tax
Canada rescinded the Digital Services Act after Donald Trump threatened to terminate trade talks on Friday.
The Wall Street Journal on MSN · 1d
Canada Rescinds Digital-Services Tax to Salvage Trade Discussions With U.S.
Canada said it would rescind a digital-services tax in a bid to salvage trade discussions with the U.S. after President Trump paused talks on Friday. Canada’s finance department was set to collect billions of dollars from U.
Ars Technica · 1d
Trump’s tariff threat pushes Canada to scrap digital services tax
But it wasn't just Trump pushing Carney to reconsider the tax. A nonprofit representing CEOs and leaders of some of Canada's biggest businesses, the Business Council of Canada, had warned that Carney defending the tax risked "undermining Canada’s economic relationship with its most important trading partner," Al Jazeera reported.
1don MSN
Canada rescinds Digital Services Tax to restart U.S. trade talks
Ottawa announced it was rescinding a tax on technology firms generating revenue from Canadians just hours before it was to ...
Financial Post4d
Digital Services Tax to stay in place despite G7 deal
The first payment for Canada’s digital tax is still due Monday, the country’s Finance Department confirmed, and covers revenue retroactively to 2022. The tax is three per cent of the digital ...

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