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Overview. The digital news subscription tax credit is a non-refundable tax credit for amounts paid by individuals to a qualified Canadian journalism organization (QCJO) for qualifying subscription expenses after 2019 and before 2025.
Jan 23, 2024 · Line 31350 – Digital news subscription expenses. You can claim up to $500 for amounts that you paid in 2023 for qualifying subscription expenses . A qualifying subscription expense is the amount a subscriber paid in the year for a digital news subscription with a qualified Canadian journalism organization (QCJO) that does not hold a licence ...
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Mar 17, 2022 · The digital news subscription tax credit is a non-refundable tax credit for individuals who subscribe to a qualified Canadian journalism organization (QCJO). This credit is valid for qualifying subscription costs from 2019 to 2025, with a primary focus on “original news written content.”. This tax credit was introduced in 2019 as a bill to ...
Details on how individuals can claim the digital news subscription tax credit can be found on the Canada Revenue Agency website. The Globe and Mail Qualified Canadian Journalism Organization (QCJO) designation number is : Q2300382. The Globe and Mail stand-alone digital subscription rate is $7.99 per week. To obtain your payment receipt, visit ...
Jul 20, 2023 · The maximum digital news subscription tax credit that you can claim on your tax return is $75. This is calculated by using a 15 percent applicable tax rate, which is the lowest personal income tax rate that the Canada Revenue Agency applies to non-refundable tax credits. This rate is applies to on all your eligible digital news content ...
