Credit for Digital Subscriptions

A new non-refundable federal tax credit has been introduced for individuals who purchase digital news subscriptions.

The maximum amount of the credit is $500 per year. It is limited to the cost of the standalone digital subscription if the individual purchases a combined digital and newsprint subscription.

To qualify for the credit the amount must be paid after 2019 and prior to 2025. An eligible subscription must be purchased from a qualified Canadian journalism organization that is primarily engaged in the production of written content. If the subscription is with a broadcasting entity, it will not qualify for the credit.

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