Liberals back off on tripling U.S. streaming service levy
Culture Minister Marc Miller said that the government will instead inject $600 million into the Canadian streaming service sector as a means of support.
The Carney government is reversing course on a decision by the CRTC to triple its tax on U.S. streamers like Netflix after backlash from the Motion Picture Association, the group representing streaming services.
“The CRTC’s new requirements would impose new costs on the companies providing these services, which could ultimately fall on Canadian consumers through higher prices. At a time when Canadians face cost-of-living pressure, now is not the time to make culture and entertainment more expensive,” wrote the heritage department in a release on Wednesday.
