By Denis Carmel
QUEBEC CITY – The province of Quebec’s decision to force foreign companies doing business digitally in Canada, its so-called “Netflix tax”, increased revenue coming into provincial coffers by $15.5 million in the first quarter of the 2019 calendar year, the province has announced (it's the government's fiscal Q4, however).This is more than double the revenue which the government originally expected. The QST rate for Québec is 9.975%, applied to the tracked digital revenue sources of $155.4 million in the quarter and is paid by Quebec residents (so this is coming from a lot more companies than just Netflix).As of April... Quebec’s “Netflix tax” brings in $15.5M in Q1
To view the full content, please sign up for a subscription.
Already a member? Log in.