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Tax credits for digital news available for 2020 returns


iPolitics
By Rachel Emmanuel. Published on Mar 5, 2021 4:14pm
Canadians can now find out whether their digital news subscription is eligible for a 2020 tax credit. (Kaboompics.com via Pexels)
In the latest measure Ottawa has taken to support the news industry, Canadians can now find out whether their digital news subscription is eligible for a 2020 tax credit, says the Canada Revenue Agency (CRA).
The credit was developed to encourage individual Canadians to pay for online news by offering them a 15 per cent non-refundable tax credit for any digital news subscription they buy from a qualified Canadian journalism organization (QCJO). 
Tax filers wishing to claim the credit on their 2020 tax returns can verify whether their digital subscription is eligible for the credit by consulting a list on the CRA site, or by contacting the provider of their news subscription, the agency said.  ....

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