While U.S. President Donald Trump’s threat to impose tariffs on Canada is alarming enough, other measures he announced Monday after his inauguration could have their own implications for Canada.
Here are five Trump directives that could affect Canadians:
Pressure to scrap Facebook tax
Canada implemented a digital services tax in June that applies to revenue from online services, such as advertising on social media platforms. Big Tech firms have said this undercuts their business, while companies that promote U.S. trade say it’s an irritant for Washington.
The legislation enabling the digital services tax came after Canada spent years taking part in an effort by the Organization for Economic Co-operation and Development to implement a global tax on multinational corporations. Some lobbyists have pushed Canada to wait for the OECD to come up with a global standard instead of pushing its own tax.
Trump has signed an order targeting the OECD’s proposed global tax and triggering investigations of any country with tax rules that “disproportionately …