The National Telegraph - Wyatt Claypool - June 28, 2025


The Liberals Digital Sales Tax is really bad no matter what people try and claim. #cdnpoli


Episode Stats

Length

1 minute

Words per Minute

163.26892

Word Count

307

Sentence Count

15


Summary


Transcript

00:00:00.000 Hey guys, there seems to be a lot of people out there who don't understand how bad Canada's new digital services tax is.
00:00:08.480 People are acting like, well, it's only 3%. You can't pay 3% as a large corporation?
00:00:15.040 Many of them really can't.
00:00:17.060 We already have corporate tax rates averaging around 25% in Canada between provincial and federal corporate taxes.
00:00:25.540 And now we are adding 3% more onto companies that deal in digital services and goods.
00:00:31.980 This is really bad for the economy, really bad for the consumer, and it shouldn't shock us that this is what caused the Canada-US trade talks to fall through.
00:00:42.000 Remember, Prime Minister Mark Carney in the 2025 federal election ran on a 1% income tax reduction under $50,000,
00:00:52.200 in which the first $18,000 of your income is tax-exempt anyways.
00:00:56.720 He ran on that as a highly substantial reduction in taxes.
00:01:01.340 And now we're supposed to think it's no big deal that companies who already pay a lot of taxes
00:01:06.320 and have to follow a lot of regulations that cause them increased costs can just absorb easily 3% more of their revenue going to the Canadian government.
00:01:15.840 This whole thing is a cash grab, and you can't be shocked that the Americans are mad at Canada right now
00:01:22.280 when we're supposed to be negotiating over an off-ramp to lower trade barriers on both sides of the border.
00:01:29.160 This thing needs to be scrapped.
00:01:31.120 Mark Carney is only pushing it forward still, and which it retroactively applies to 2022 revenues as well.
00:01:37.740 It's insane.
00:01:38.480 He's only pushing this forward because he is in a giant money pit when it comes to taxes to pay for his new spending.
00:01:45.320 We are running into a $90 billion deficit, and so he needs to basically gouge corporations for as much tax revenue as possible.