The Canadian Digital Services Tax Act Comes Into Force. Time to Take Action!
Further to our previous articles regarding the Digital Services Tax (the “DST”) (here and here), the Canadian Government issued an order in council on June 28, 2024 confirming that the Digital Services Tax Act comes into force on that date. Consequently, the first year of application of the DST is the 2024 calendar year with the DST applying retroactively to January 1, 2022. This means that businesses that exceed the registration threshold will be required to register by January 31, 2025 and the first deadline for returns and DST payment, where applicable, will be June 30, 2025.
McCarthy Tétrault’s leading indirect tax team offers robust industry knowledge and business-focused advice. Please contact any of the authors to get advice in light of the foregoing.