TOPDAWG
Based Member
Now you'll pay it even if you don't have a streaming service. Guessing the tax pissed off the US.
www.iphoneincanada.ca
The federal government is overriding a CRTC decision that would have forced major streaming platforms to pay a 15% levy to fund Canadian content, citing concerns that the costs would have been passed straight to consumers.
The CRTC had bumped the contribution rate from 5% to 15% under the Online Streaming Act, targeting foreign (well, mainly U.S.) streamers like Netflix, Apple TV+, Paramount+, and Prime Video. The backlash was quick, with Canadians already squeezed by the cost of living not thrilled about the prospect of higher subscription bills.
Instead of letting those rules stand, Ottawa is putting $600 million in taxpayer funding directly into the audio and audiovisual sectors. The money is meant to support local news, French-language productions, and Canadian creators, essentially filling the hole that the CRTC tax would have generated without making streaming more expensive.
Ottawa Just Scrapped the Streaming Tax and Is Cutting a $600 Million Cheque Instead | iPhone in Canada
The federal government is overriding a CRTC decision that would have forced major streaming platforms to pay a 15% levy to fund Canadian content, citing concerns that the costs would have been passed straight to consumers. The CRTC had bumped the contribution rate from 5% to 15% under the Online...
www.iphoneincanada.ca
The federal government is overriding a CRTC decision that would have forced major streaming platforms to pay a 15% levy to fund Canadian content, citing concerns that the costs would have been passed straight to consumers.
The CRTC had bumped the contribution rate from 5% to 15% under the Online Streaming Act, targeting foreign (well, mainly U.S.) streamers like Netflix, Apple TV+, Paramount+, and Prime Video. The backlash was quick, with Canadians already squeezed by the cost of living not thrilled about the prospect of higher subscription bills.
Instead of letting those rules stand, Ottawa is putting $600 million in taxpayer funding directly into the audio and audiovisual sectors. The money is meant to support local news, French-language productions, and Canadian creators, essentially filling the hole that the CRTC tax would have generated without making streaming more expensive.
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