Canadian news organizations may be able to benefit from a new labour tax credit that takes effect in 2019.
Canadian news organizations may be able to benefit from a new labour tax credit that takes effect in 2019. The new 25% refundable credit, which was announced in the 2019 federal budget, is available for salary or wages of eligible news organizations that are primarily engaged in producing certain types of original news content. To qualify, news organizations will have to meet specific criteria and be recognized by an administrative body that will be established for this purpose. The credit is part of several new tax measures included in the budget that are intended to support Canadian journalism.
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