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Business & Finance

Reuters exclusively reports Canada’s budget to include digital and luxury levies, but no wealth tax

Reuters exclusively reported that Canada’s first budget in two years would propose a sales tax for online platforms and e-commerce warehouses, a digital services tax for Web giants and a luxury tax on items like yachts. The luxury tax will be levied on new cars and private aircraft valued at more than C$100,000 ($79,970) and boats worth over C$250,000 and come into force next year. The details revealed by Reuters scoops were confirmed in the budget documents on Monday. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Economy & Policy
Regions: North America
Countries: Canada
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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