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Canada Watchdog Sees Higher Revenues From E-Commerce Sales Tax

May 13, 2021, 10:02 PM

Canada is underestimating the revenue it will collect from applying the sales tax to e-commerce firms like Amazon.com Inc. and overestimating the amount a new tax on unused foreign-owned housing will raise, a watchdog said Thursday.

  • Enforcing the Goods and Services Tax on companies that use online platforms and fulfillment warehouse to ship goods will raise C$1.64 billion ($1.3 billion) over five years rather than a projection of C$1.5 billion made in November, the Office of the Parliamentary Budget Officer said in a note. The tax takes effect July 1.
  • On the other hand, a new 1% tax ...