Minister of Finance Chrystia Freeland arrives at a news conference before the tabling of the Fall Economic Statement, in Ottawa, on Tuesday, Nov. 21, 2023. PHOTO BY THE CANADIAN PRESS/JUSTIN TANG
The government’s statement announced an increase to the Canadian Journalism Tax Credit — a refundable tax credit allowing qualifying news outlets to claim up to 35 per cent of up to $85,000 in salary for a qualified employee
by Bryan Passifiume
November 22, 2023
A federal program allowing news publishers to claim a tax credit for portion of journalists’ salaries is set to increase, the Liberal government announced Tuesday.
The government’s fall economic statement announced an increase to the Canadian Journalism Tax Credit, a refundable tax credit allowing qualifying news outlets to claim up to 35 per cent of up to $85,000 in salary for a qualified employee.
That’s an increase from the credit’s initial allowance of 25 per cent of up to $55,000 in salary per employee.
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