Canada Puts Media Tax Credits on Hold During Outbreak

Canada isn’t delivering tax benefits to news corporations and trusts as planned because of the coronavirus pandemic.

The Canada Revenue Agency’s ability to review applications for three tax credits meant to help news organizations hit by disruptions during the digital era has been restricted by the outbreak, spokeswoman Pamela Tourigny said in an email Wednesday.

Work on the program will resume once operations have normalized, she said.

The tax credits, which were announced in the 2019-20 budget, are worth C$594 million ($421 million) over four years. They were the cornerstone of a government plan to keep the Canadian media ...