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Digital Sales Tax to Hand Canada More Than $1 Billion in Revenue

Feb. 10, 2021, 9:22 PM

Canada will make more money from enforcing sales taxes against large foreign digital firms than expected, a federal watchdog said Wednesday.

The federal government will reap C$1.3 billion ($1.02 billion) over the next five years by imposing Goods and Services Tax or Harmonized Sales Tax (GST/HST) on companies selling online products and services like Netflix, Spotify, and Google, the Parliamentary Budget Officer said in an analysis.

  • The amount is C$129 million more than Finance Minister Chrystia Freeland’s own estimates when she unveiled the measure in a mini budget in November. It was part of a package of tax ...