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We have updated our guidance to contain useful information regarding the proposed changes to the legislation announced by the Minister of Finance on April 17, 2020.

A strong and independent Canadian news industry is crucial to a well-functioning democracy. In recognition of the important role the news industry plays in helping citizens make informed decisions about important issues, the Government introduced three new tax measures for designated qualified Canadian journalism organizations (QCJOs) in Budget 2019:

Budget 2019 also announced the creation of the Journalism and Written Media Independent Panel of Experts (the Panel) to provide recommendations on the new legislation supporting Canadian journalism. The Panel delivered its report to the Minister of Canadian Heritage and Multiculturalism and the Minister of Finance on July 16, 2019.

In March 2020, the Government announced the establishment of the Independent Advisory Board on Eligibility for Journalism Tax Measures for the purposes of making recommendations on organizations applying for QCJO designation. The Advisory Board is mandated to make recommendations with respect to whether an organization meets certain criteria for QCJO designation.

On April 17, 2020, the Department of Finance issued a News Release and draft legislation announcing that changes would be made to the tax measures that support journalism.

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