Digital News Subscription Tax Credit

In March 2019 the Canadian Federal Budget introduced a new tax incentive for subscriptions to digital Canadian News.

You get 15% back as a non-refundable tax credit on spending up to $500. So the maximum value of the tax credit will be $75 year.

The digital news subscription tax credit is available for the 2020 to 2024 tax years. You will be able to beginning claiming the credit on your 2020 tax return.

To qualify the subscription must be with a qualified Canadian journalism organization (QCJO) . This exists to encourage Canadians to support Canadian journalism which has been struggling with competition from international news and social media.

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