Finance Minister

  • Canadian government takes aim at tax advantages enjoyed by ride-sharing firms

    Canada's government has taken aim at the tax advantages enjoyed by ride-sharing platforms over traditional taxis in its latest national budget which was unveiled by Prime Minister Justin Trudeau. Trudeau's liberal government indicated in its budget statement that it plans to amend Canada's Excise Tax Act to redefine ride-sharing firms as taxi companies. This redefinition would force them to collect the goods and services tax (GST) on every ride provided, just as taxi operators are required to do.