The tax was announced in 2020, but the legislation to enact it didn’t pass until last year. While it has been in effect for a year, the first payment, retroactive to 2022, was to be submitted on June 30.

The government intended it to overcome what Canada saw as a tax loophole, with big tech companies operating in Canada digitally, making money off Canadian users and data, but not paying tax on it in Canada.

The tax was to apply to companies that operate online marketplaces, online advertising services and social media platforms, and those that earn revenue from some sales of user data.

It meant companies such as Amazon, Google, Meta, Uber and Airbnb, would pay a three-per-cent levy on revenue from Canadian users.

The tax was only to cover large companies, those that have worldwide annual revenues greater than 750 million euros per year and Canadian digital services revenue greater than $20 million per year. The parliamentary budget officer had estimated it would bring in $7.2 billion over five years.

That seemed fair. He cancelled it to appease Trump, clearly. This is extremely disappointing. And we’re also losing $7.2 billion in revenue over 5 years. This could have helped fund Canadian cultural projects, artists, or finance our struggling media industry.

Boy, the moment this guy didn’t have an election to win he tied those elbows right to his sides, huh?

Because Carney is a fucking traitor.

If he hasn’t surrendered on the DST, the wealthy tax or the global minimum tax rate, he wouldn’t have had to cut anything to increase the military budget.

I dread to see what he surrenders to the US in his trade “deal”.

Ok. This Canadian just cancelled his digital services.

This make us look desperate, this is disappointing

So about that military budget.

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