Two years into a consequential — and occasionally controversial — program of government support for the Canadian news industry, we have a window into how one provision is working.Back in 2019, citing the importance of journalism for a healthy democracy, Canada announced a 5-year, $600 million initiative to support the country’s news industry. Some key provisions mirror what’s been proposed in the U.S., including a tax credit on wages and a tax credit to encourage subscriptions. (A related Canadian program that gives grants to news organizations to hire local journalists for underserved communities, known as the Local Journalism Initiative, accounts for a fraction of overall spending at $50 million over five years.)
Inicio Lo que estamos leyendo Canada offered a tax credit to encourage digital news subscriptions. Here’s how...
