this post was submitted on 26 Aug 2025
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The online services tax. Right now foreign companies can exploit the Canadian internet users and not pay a penny in taxes for it.
They dropped it because Trump was using it as an excuse to block trade negotiations. They dropped it and the negotiations still went no where. Canada is still paying higher tariffs than Russia. Let that sink in. Canada needs to speed up their decoupling if their economy from the US and bring back that tax.
Don't tell Trump, but our effective tariff rate is actually quite low because the USMCA exempts a huge amount of goods from them. Shh. He probably has no idea that's in there, even though he's the guy who negotiated it last time he was in office.