Netflix is once again raising the cost of their subscription in Canada starting on ... wait for it... Canada Day.
In a recent notice, Netflix informed subscribers that their monthly bill will soon include GST/HST “due to a recent change in Canada’s tax law.”
In emails sent Tuesday, the streaming giant said the applicable tax rate will vary province by province and will be reflected on subscribers’ bills “starting July 1, 2021.”
This news comes shortly after Prime Minister Justin Trudeau announced that foreign online streaming services will be subject to sales tax to ensure they are competing fairly in the digital landscape.
“The world is changing,” Trudeau said. “The presence of online giants that haven’t paid their fair share of taxes in the countries where they are operating is something that needs to end.”
According to the Toronto Star, the tax is expected to generate approximately $3 billion for the federal government over five years.
Netflix Canada hiked its price for the standard monthly plan last year to $14.99 per month citing that the reason for the increase was to allow them to invest more in films and shows as well as the quality of members' product experience.
