Canadian journalism labour tax credit
“Canada Revenue Agency (CRA)”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
The Canadian journalism labour tax credit is a refundable tax credit that 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 QJO.
A qualifying labour expenditure is generally the amount of salary or wages payable by a QJO to an eligible newsroom employee in respect of the portion of the tax year throughout which the organization is a QJO, less the amount of any assistance received or entitled to be received in the year regarding that employee. Note that the credit does not apply to salaries or wages that are in respect of a period before January 1, 2019.
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