OTTAWA — Opposition MPs pressed officials Thursday to say how ready they’re going to be to start off amassing GST on cross-border income by overseas businesses commencing upcoming 12 months, as proposed by the Liberal government’s fiscal update.
Overseas providers devoid of a actual physical existence in Canada, this kind of as Netflix, Airbnb and Amazon, at this time aren’t demanded to acquire the federal merchandise and company tax which is routinely applied by domestic organizations.
Senior officers from the Canada Income Agency, Finance Section and the Canada Border Providers Agency advised a Commons virtual committee meeting Thursday they will be ready to start out amassing GST and HST on cross-border electronic profits by July 1.
“We are very assured,” CRA main govt Bob Hamilton said.
“I would say, though, that it can be likely to involve some pondering between now and then and, certainly, consulting simply because we want