The Digital Services Tax: Canada Takes Aim at Tech Giants
By EsqSocial Corporation 14/05/21
In the recently released Budget 2021, Canada's federal government announced its plan to continue with the development of a Digital Services Tax (DST) to be imposed on certain large taxpayers. The DST is proposed to apply at a rate of 3 percent on revenue exceeding $20 million from certain digital services that rely on the engagement, data and content contributions from Canadian users. While draft legislation has not yet been released, Budget 2021 laid out the intended parameters of the new rules...
By: Bennett Jones LLP