Digital news subscription tax credit
The digital news subscription tax credit is a non-refundable tax credit for amounts paid by individuals to a qualified Canadian journalism organization (QCJO) for qualifying subscription expenses after 2019 and before 2025.
A qualifying subscription expense is the amount an individual paid in the year for a digital news subscription of a QCJO that is primarily engaged in the production of original written news content and it is not engaged in a broadcasting undertaking as defined in subsection 2(1) of the Broadcasting Act. An individual can claim the credit if they have entered into an agreement with a QCJO for a digital news subscription.
How to claim the credit
Individuals can claim the credit on their income tax return for the years 2020 to 2024.
The maximum credit will be calculated by:
- multiplying the lowest personal income tax rate (15%) by the total of all amounts paid by the individual for qualifying subscription expenses in the year up to $500.
Only the individual(s) who entered into the agreement can claim the credit:
- if more than one individual is entitled to claim the qualifying subscription expense for a year (i.e. spouses, roommates, etc.), the total amount can be split between them provided that the total amount claimed is not more than the maximum amount that would be allowed if only one of them made the claim.
If the digital news subscription provides access to content in non-digital form or content other than content of the QCJO:
- only the cost of a stand-alone digital subscription to the content of the QCJO will be an eligible expense; and
- if there is no stand-alone subscription, the amount is limited to the cost of a comparable stand-alone digital subscription that provides access to content of a QCJO. If there is no comparable digital news subscription then only one half of the amount paid is an eligible expense.
For more information on the digital news subscription tax credit criteria, go to Guidance on income tax measures to support journalism.
If you have questions about the digital news subscription tax credit, please call the Individual tax enquiries line at 1-800-959-8281.
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