The CRTC notes that the money will be used to increase funding for local and indigenous broadcasting in the region, local radio and television news broadcasts, French-language content, indigenous content and other types of programming created for equity-eligible communities. The official language is Canadians of minority communities and diverse origins. The new rule is designed to begin enforcement in 2024-2025 for platforms viz Amazon, Apple, Disney, Google, Netflix and ParamountAnd even like music services Spotify.
This tax will apply to services that generate at least $25 million in revenue per year in Canada. However, its implementation on audiobook platforms, podcasts, video game services or sites with user-generated content is not considered, i.e., Youtube Outside. According to CRTC President Vicky Etrides, the decision will ensure that online streaming services continue to make significant contributions to Canadian and Indigenous content.
For its part, Michael Geist, Law professor at the University of Ottawa, warned that end consumers would likely end up paying for the new law, either with fewer service options or higher rates. And it wouldn’t be surprising if companies announced new rates that included ads or if rates went up outright to compensate for the money the government took away.
inside Mexico Similar proposals have already been made but so far they have no effect. From 2019, it was proposed that any platform of foreign origin would be charged a special tax of up to 7% or 15% if they have no official address in the country, devoting 40% of the revenue to social coverage in telecommunications. Remote rural communities. However, they all have presence from their parent companies so users are not affected.
Through: ca
Author’s Note: Let’s hope this rule doesn’t apply to those of us who live on this side of the world either, since overpaying has become quite common. However, for now those affected are Canadian citizens.
