The National Telegraph - Wyatt Claypool - June 28, 2025


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

Hosted by
Wyatt Claypool
Mentioned
Mark Carney
Carney Liberals hiding $90 Billion deficit from PBO! Carney SCREWED Up trade talk with Trump! Liberals are happy

Episode Stats


Length

1 minute

Words per minute

163.27

Word count

307

Sentence count

15


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

The Digital Services Tax is a 3% tax increase on Canadian companies dealing in digital services and goods. This is bad for the economy, and bad for consumers. It needs to be scrapped, and it needs to retroactively applied to 2022 revenues.

Transcript

Transcript generated with Whisper (turbo).
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
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.