On 19 June 2024, the Budget Implementation Bill (C-59) was adopted by the Canadian Parliament. The Bill enacts a digital services tax on large digital corporations, including online advertising providers, e-commerce platforms, streaming service providers and social media services. The Bill will impose a digital services tax of 3% from 2024 onwards, covering taxable revenues earned since 1 January 2022 and applies to domestic and international enterprises with global revenues exceeding EUR 750 million and CAD 20 million from Canadian digital services revenue.
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