Federal financial administration rules updated: Digital Services Tax removed from set-off exemption, new trade deals added, Crown corporation deleted

Plain-language summary · AI-assisted

Several targeted changes have been made to Canada's core financial administration legislation. The Digital Services Tax Act has been removed from the list of tax statutes whose amounts are exempt from the government's ability to set off debts — meaning amounts under that Act may now be subject to federal set-off rules. The Freshwater Fish Marketing Corporation has been removed from the Schedule of Crown corporations. Schedule VII, which lists Canada's free trade agreements, has been expanded to include the Canada-Indonesia Comprehensive Economic Partnership Agreement and updated to capture future accession protocols to the Trans-Pacific Partnership (CPTPP). Businesses and individuals with amounts owing or receivable under the affected tax statutes, or those dealing with the listed Crown corporation or trade agreement schedules, should review how these changes apply to their situations.

Who this affects
businesses with amounts owing or receivable under the Digital Services Tax Act · companies involved in freshwater fish marketing · importers and exporters relying on CPTPP or Canada-Indonesia trade agreement tariff benefits · federal government financial officers managing Crown corporation accounts