Global Daily Tax News, Canada Confirms Plans For Streaming Services Levy, (Jun 10, 2024)

Canada is set to introduce a five percent levy on revenues derived by providers of online streaming services to Canadian consumers.

The levy will be introduced from September 1, 2024, and will be used to fund locally produced content, French-language content, and news content.

The levy will apply to online streaming services that generate at least CAD25m from annual Canadian gross broadcasting revenues (with some revenue excluded), if they are not affiliated with a Canadian broadcaster.

Specifically, excluded revenue means revenue derived from providing audiobook services, podcast services, or video game services; revenue associated with user-generated content; as well as revenue derived from broadcasting activities that are carried out by broadcasting undertakings that are, by order, exempted from licensing requirements or exempted from all regulations made under Part II of the Broadcasting Act, unless, in either case, otherwise specified in an exemption order.