(canada) CAD currency coming for Canadian Steam users on October 7, 2014

[Briggsy]

Taken from an email I just received:

 

Dear Steam User,

 

 

 

Steam will soon be priced in Canadian Dollar!

 

 

 

If your Steam wallet has any money in it on October 7th, 2014 (Pacific Time), your U.S. Dollar balance will be converted to the Canadian Dollar, at a conversion rate dictated by market value at the time of conversion.

 

 

 

 

I can see most people here in Canada thinking this is a good thing. I only have one concern: when they switch, will we have to pay Canadian Sales Tax?

 

Currently we do not pay sales tax for steam games, but I know for a fact that for Origin I do, because they take payments through a 3rd party company (Digital River) that resides in Canada.

 

 

Anywho, we will see.  :mellow:

[Snickerzz]

it wasnt already? and pretty sure this is a repost, let me check

 

http://linustechtips.com/main/topic/225246-steam-to-introduce-several-local-currencies-throughout-october/

found it

[Imabigmac]

it wasnt already? and pretty sure this is a repost, let me check

 

http://linustechtips.com/main/topic/225246-steam-to-introduce-several-local-currencies-throughout-october/

found it

it is and isnt. There is general one, but not a specific "Canada" thread

[MourningSouls]

So long as I don't have to pay PST, it's good. If I don't have to pay GST, it's awesome.

 

It'll either save me headache, or money. I use prepaid credit cards so there is a 2.5% conversion fee from Visa/MC and a 2.5% conversion from Peoples Trust Company, and I always forget at least one of them.

[Imabigmac]

My concern is tax and whether they adjust the prices. Is a game going to be $40 US and $45 Cdn? 

[Yoinkerman]

Of course they will.  They aren't doing this because they're nice guys.

 

My concern is tax and whether they adjust the prices. Is a game going to be $40 US and $45 Cdn? 

[Snickerzz]

it is and isnt. There is general one, but not a specific "Canada" thread

so? it still covers it, would you want 10 different win10 topics or just one large one?

[Imabigmac]

so? it still covers it, would you want 10 different win10 topics or just one large one?

Well yes and no.  The Steam news affects a great deal of countries all with their own currencies and taxes and exchange rates. So I'm fine with having 10 different threads about it if each thread is talking about how it will affect an individual country. 

 

But opinion doesn't really matter to the mods. 

[Myxzoid]

Steam dosnt have a physical Canadian office,So i dont see them charging tax now cause they take Canadian currency.

[dmegatool]

My concern is tax and whether they adjust the prices. Is a game going to be $40 US and $45 Cdn? 

Of course they will.  They aren't doing this because they're nice guys.

 

Exactly. And let me tell you that it won't be a straight USD to CAD conversion at current rate. It never is. That 40$ would be 44,87$ at the actual rate. They'll probably make it 50$... 

[StingBull]

Exactly. And let me tell you that it won't be a straight USD to CAD conversion at current rate. It never is. That 40$ would be 44,87$ at the actual rate. They'll probably make it 50$...

That's quite optimistic of you. If it is anything like it is in Australia it would be $60.

[dmegatool]

That's quite optimistic of you. If it is anything like it is in Australia it would be $60.

I didn't want to alarm anyone but yeah, that could happen  

 

We'll have to wait and see. Meanwhile let stay optimistic ! 45$ for the 40$ game !!