The 15% “TAX” headline is COMPLETE LIE. A misrepresentation - READ THE ARTICLE. It is NOT a TAX but a requirement that streamers spend 15% of Canadian revenue to PURCHASE or CREATE CANADIAN CONTENT. This is a Canadian content law. NOT A TAX.
The 15% “TAX” headline is COMPLETE LIE. A misrepresentation - READ THE ARTICLE. It is NOT a TAX but a requirement that streamers spend 15% of Canadian revenue to PURCHASE or CREATE CANADIAN CONTENT. This is a Canadian content law. NOT A TAX.
Canadian broadcasters are also required (as a condition of their license) to contribute to the creation of Canadian content. Each time, during the licence renewal, they have to provide detailed information about how they will achieve that.
They can contribute money to a production fund, they can make their own content, they can directly assist and promote Canadian artists, or some combination of those.