Ottawa boosts journalism tax credit by $501M, extends eligibility to broadcasters

BNN Bloomberg · The Canadian Press · 2026-11-05 22:42 UTC

The federal government is extending its journalism tax credit by $501 million over five years, with $85 million in ongoing annual funding.

OTTAWA — The federal government is extending its journalism tax credit by $501 million over five years, with $85 million in ongoing annual funding.

Ottawa said in its spring fiscal update that it would consult Canadians and stakeholders about extending the Canadian Journalism Labour Tax Credit to broadcasters.

The federal budget tabled Thursday says that new measure, along with move to renew a higher credit rate that was set to expire, will cost $501 million.

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