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Monday, 30 June 2025
Economy

Canada rescinds tax hitting US tech firms: Govt

Canada rescinds tax hitting US tech firms: Govt

In the hope of arriving at a business agreement with Washington, US President Donald Trump closed the conversation with Ottawa in Levi’s vengeance.

A government statement stated that Canadian Finance Minister Francois-Filip Champagne today announced that Canada would cancel the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade system with the United States. ,

It states that Trump and Canadian Prime Minister Mark Carney “agree that the parties will resume the conversation with an approach towards agreeing a deal by July 21, 2025.”

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