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Bill C-208 Approved – Tax Relief Now In Effect For Family Businesses

On July 19, the Department of Finance confirmed that the provisions previously announced under Bill C-208 can now be used to enable intergenerational transfers of shares of small businesses, family farm, and fishing corporations. These provisions serve to level the playing field for family businesses looking to transition their business to the next generation.

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Canada’s Proposed Digital Services Tax (DST) – Overview

What is the Digital Services Tax (DST)?

During the 2021 Federal Budget announcement, the Canadian government confirmed its plan to roll out a new federal tax aptly named “Digital Services Tax”, or DST for short, with the aim of targeting businesses that rely primarily on digital technology, including intermediation and social media platforms, to engage with Canadian consumers and generate some or most of their revenues from the data collected about their users’ interests. 

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