The Canadian Chamber of Commerce commends the Government of Canada for eliminating Canada’s Digital Services Tax (DST), while at the same time helping to secure the end of Section 899, the so-called U.S. “revenge tax.” Both measures were counterproductive for business and trade negotiations.
As the Canadian Chamber of Commerce has argued since the beginning, the decision to eliminate the DST makes sense. This tax would have fallen on Canadian consumers, businesses, and investors in the form of higher costs and hurt our economy at a critical time. And removing it moves us one step closer to a renewed, reliable trade deal with the U.S. Administration that will help to secure and grow the already incredible $3.6 billion of trade a day between our countries.
In the midst of complex, live negotiations, credit is due to Canada’s team, including Prime Minister Carney, Minister Champagne, Minister LeBlanc, and Ambassador Hillman among so many others, for their leadership at a pivotal moment for our country.
Both sides must pave the road ahead with goodwill and incremental progress. The promise of a competitive, strong North American economic alliance is worth fighting for, and Canadian businesses are ready to do their part.
David Pierce, Vice President of Government Relations, Canadian Chamber of Commerce