Canadian Journalism Labour Tax Credit
The Canadian journalism labour tax credit is a refundable tax credit that is available to an organization that is a corporation, a trust, or a partnership. The credit is calculated by applying a rate of 25% to the total qualifying labour expenditure incurred for a period in the tax year beginning on or after January 1, 2019, in respect of each eligible newsroom employee of a qualifying journalism organization (QJO), less any amount received from the Aid to Publishers component of the Canada Periodical Fund in the year. Note that other types of assistance can also impact the calculation of the qualifying labour expenditure; additional information can be found below in the Qualifying labour expenditure section.
Grant Deadline
Deadline not available
Funding Amount
Deadline not available
Type of Grant
Tax Credit, Hiring
Sectors
Arts & Culture, Media
Demographics
Incorporation
For Profit
Perks
Region Restriction
This grant is restricted to whole of Canada
Keywords
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
Eligibility:
To qualify for the Canadian journalism labour tax credit, an organization must be a QJO. To be a QJO, the organization must first be designated as a qualified Canadian journalism organization (QCJO). It must then meet both of the following additional criteria:
- it does not hold a licence, as defined in subsection 2(1) of the Broadcasting Act
- if it is a corporation with share capital, it meets specific ownership conditions of a Canadian newspaper as defined in the Income Tax Act
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