The plan also includes a new refundable tax credit for labour costs at both for-profit and non-profit news organizations. News Media Canada proposed an annual $350 million fund to subsidize individual journalists at publications providing civic or local news. The fund was designed to support local journalism in larger centres, as well as thousands of communities with weekly newspapers that aren’t reached by the CBC. Neither of those measures, nor the fund proposed by News Media Canada, were included in the government’s announcement on Wednesday. John Hinds, the CEO of News Media Canada, also said he was pleased with the announcement.

Source: National Post November 22, 2018 00:33 UTC