Tax Measures to support Canadian Journalism

The Government launched 3 tax measures to support Canadian Journalism. These measures were included in Budget 2019 and the legislation received Royal Assent on June 21, 2019.

Here are the three tax measures:
Canadian journalism labour tax credit: a 25% refundable tax credit on salaries or wages payable in respect of an eligible newsroom employee for periods beginning on or after January 1, 2019.
Digital news subscription tax credit: a 15% non-refundable personal income tax credit for digital news subscription costs paid by an individual to a qualified Canadian journalism organization. This applies to qualifying amounts paid after 2019 and before 2025.
A new type of qualified done called a registered journalism organization for not-for-profit journalism organizations, which is in effect as of January 1, 2020.

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