While waiting on Netflix tax answer, Senate examines Google loophole

By Denis Carmel

OTTAWA – The Senate Standing Committee on Transport and Communications this week met representatives from the Canadian Revenue Agency (CRA), Canadian Heritage and the Department of Finance to talk about the deductibility of foreign internet advertising, as raised by the Friends of Canadian Broadcasting in a new report which suggest closing a certain loophole.Cartt.ca reported on this last week, where Friends suggests advertising on foreign online platforms like Facebook and Google should not be tax deductible, bringing it in line with how purchasing ad time on American TV and radio stations is not deductible for Canadian companies.Unsurprisingly, the government is...