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.
00:00:17.060We already have corporate tax rates averaging around 25% in Canada between provincial and federal corporate taxes.
00:00:25.540And now we are adding 3% more onto companies that deal in digital services and goods.
00:00:31.980This 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.
00:00:42.000Remember, Prime Minister Mark Carney in the 2025 federal election ran on a 1% income tax reduction under $50,000,
00:00:52.200in which the first $18,000 of your income is tax-exempt anyways.
00:00:56.720He ran on that as a highly substantial reduction in taxes.
00:01:01.340And now we're supposed to think it's no big deal that companies who already pay a lot of taxes
00:01:06.320and 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.
00:01:15.840This whole thing is a cash grab, and you can't be shocked that the Americans are mad at Canada right now
00:01:22.280when we're supposed to be negotiating over an off-ramp to lower trade barriers on both sides of the border.