Digital Services Tax Would Raise $7.2 Billion in Federal Revenues Over Five Years: PBO

Parliamentary Budget Officer Yves Giroux adjusts his glasses as he waits to appear before the Senate Committee on National Finance, in Ottawa, on Oct. 17, 2023. The Canadian Press/Adrian Wyld

The parliamentary budget officer says the implementation of a digital services tax would raise $7.2 billion over five years.

The Liberals’ spring budget confirmed their intention to implement the tax, which is designed to ensure that tech giants pay their fair share of taxes in countries where they earn revenue without having a physical presence.