Le Lézard
Classified in: Business
Subject: CPG

Government kicks off support of Canadian journalism organizations


OTTAWA, Dec. 20, 2019 /CNW Telbec/ - A strong and independent media is essential to a well-functioning democracy. In today's changing media landscape, Canadian news outlets need support as they evolve to meet the demands of a globalized, digital marketplace.

In Budget 2019, the Government introduced three tax measures to support Canadian journalism organizations that produce original news content. To take advantage of these measures, journalism organizations must be designated as a qualified Canadian journalism organization (QCJO). The Guidance on the income tax measures to support journalism is now available on Canada.ca. To facilitate the designation process, the Government will establish an Independent Advisory Board that will make recommendations on whether an organization meets certain QCJO designation criteria.

Media organizations must first apply to the Canada Revenue Agency (CRA) to obtain the QCJO designation by completing the application form and returning it to the CRA. The application form will be available on December 23rd. Organizations can submit their applications in advance of the establishment of the Independent Advisory Board. The Independent Advisory Board members will be selected with consideration given to the linguistic, cultural, and ethnic diversity of the country.

An opportunity for stakeholder engagement with the CRA will be scheduled in the coming weeks so that journalism organizations and the tax community may ask questions or comment on the subject matter set out in the Guidance. To sign up, please email [email protected].

Quotes

"A strong and independent media is essential to the vitality of our democracy. I am pleased to deliver on our Government's unprecedented steps to support Canadian journalism organizations while respecting the core principle of journalistic independence. I look forward to the impartial recommendations of the Independent Advisory Board as they will be factored into the CRA's decisions."

-The Honourable Diane Lebouthillier, Minister of National Revenue

"Today, we have reached another milestone in support of Canadian journalism and the vitality of our democracy. A wide variety of independent advice will allow us to have efficient, transparent and fair measures. Our Government will strive to ensure that all Canadians, especially those living in underserved communities, continue to have access to media coverage on topics of public interest that affect them."

-The Honourable Steven Guilbeault, Minister of Canadian Heritage

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Report of the Journalism and Written Media Independent Panel of Experts

Guidance on the income tax measures to support journalism

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