Canada's Department of Finance has announced that Canada will rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States. This follows President Trump's announcement days prior that the U.S. was terminating all trade discussions with Canada due to the implementation of the DST, which entered into force in 2024 with retroactive effect to 2022 and was to be first collected on 30 June 2025. With the announcement, tax c…