Canada: Introduced Budget Implementation Bill (C-59) including digital service tax measures

On 30 November 2023, the Budget Implementation Bill (C-59) was introduced in the Canadian Parliament. The Bill aims to enact a digital services tax on large digital corporations, including online advertising providers, e-commerce platforms, and streaming service providers. The Bill, if adopted, will impose a digital services tax from 2024 onwards, covering taxable revenues earned since 1 January 2022. In particular, the Bill would establish an annual tax of 3% on digital services revenue of over EUR 750 million.