BREAKING: Trump Target's Canada With New "Revenge Tax in "Big Beautiful Bill" Scam That Could Cost Canadian's BILLIONS.

How little known "Section 899" of Trump's BS Bill targets Canadian investors, pensioners, and our digital sovereignty

America’s most chaotic export might soon be financial sabotage. Buried in Donald Trump’s cartoonishly titled “One Big Beautiful Bill” is a fiscal time bomb for Americans AND Canadians.

Little-known Section 899 of Trump’s “Big Beautiful Bill”—better known on Parliament Hill as the “Trump’s revenge tax”—isn’t just an attack on fair trade. It’s a ticking bomb aimed squarely at Canadian investors, pensioners, creators, and businesses. If passed, it could cost Canadians billions in lost income from U.S. investments and potentially jeopardize the 80-year tax treaty between our two countries.

Here’s what you need to know—and why Canadians of every stripe should be concerned.

What Is Trump’s “Revenge Tax”?

Section 899 of Trump’s bill would slap an escalating withholding tax on Canadians (and other nationals) who receive investment income from U.S. companies, just because we dared to tax Big Tech with our Digital Services Tax (DST).

• 🇨🇦 The DST targets tech giants like Amazon, Meta, and Airbnb for the profits they earn off Canadians. It’s a 3% tax on their Canadian user revenue, a long-promised measure finally implemented this June.

• 🇺🇸 Trump’s response? Punish Canadian investors, from individuals with RRSPs to institutions like the Canada Pension Plan.

Under the House version of Section 899:

• Starting at 5% in 2025

• Rising 5% annually

• Capped at 20% by 2029

That’s on top of the existing 15% withholding tax. Some Canadians could face up to 35% total U.S. tax on dividends or interest. If not fully offset in Canada? That’s double taxation.

And for what? Because we wouldn’t let Amazon skate on paying taxes.

How Much Will This Cost Canadians?

Estimated Cost To Canadians? Billions. Possibly tens of billions.

According to tax experts:

• 🇨🇦 Canadians receive over $108 billion USD in U.S. investment income annually

• 🇺🇸 The IRS already withholds nearly $3 billion USD from that income

• Section 899 could raise that total by $10–20 billion USD more over the next decade

As David Macdonald of the Canadian Centre for Policy Alternatives puts it:

“This isn’t only for folks with an RRSP… This could extend to the Canada Pension Plan. [Canadians] could potentially pay dramatically more.”

In short, whether you're a digital creator with U.S. ad revenue (like me and everyone else in Canada with a sizable digital footprint/subscriber base) or a retiree depending on dividend yields, you’re in the blast zone.

Comparison Chart: House vs. Senate Versions of Section 89

This Isn’t a Tax Bill. It’s a Financial Weapon.

This is more than policy—this is economic coercion. Section 899 targets U.S. allies for the crime of taxing their own markets. It’s designed to scare countries into dropping fair taxation of multinationals.

Make no mistake: this is Trump-style extortion, and Canada’s in the crosshairs.

“Just like the U.S. is totally willing to blow up the international trade order, they're totally willing to blow up international tax rules.”
— David Macdonald

Worse, this will erode investor confidence, destabilize retirement planning, and harm Canada–U.S. economic relations, precisely when the world needs more cooperation, not less.

Canada’s Response: F*** Trump

Mark Carney’s Finance Minister, François-Philippe Champagne, isn’t flinching:

“The DST is in force and it’s going to be applied.”

Good. Canada should not negotiate with economic terrorists.

But it needs to go further:

• 📣 Demand the removal of Section 899 from the final U.S. bill

• 🛡️ Prepare countermeasures, including reciprocal taxes on U.S. companies

• 🤝 Rally G7 allies also facing U.S. threats over digital taxes

• 💼 Urge Canadian investors to begin repositioning now

And for the love of sanity, let’s not cave on taxing trillion-dollar tech firms to protect short-term profits on Wall Street.

Final Thought: It’s State-Sponsored Foreign Extortion

This isn’t just about dividends or data taxes—it’s about sovereignty.

Trump’s Big Beautiful Bill is an ugly, unstable, anti-democratic power play designed to enrich the ultra-rich and punish U.S. allies. Let’s be clear: it is anti-Canadian by design and nothing but a play to extort Canadians by transferring our wealth into Trump’s America.

We have every right to tax companies making billions off our citizens. We have every right to protect our investments and our treaties. And we have every right to say No.

But I’ll let Mark Carney take care of that. And he will.