Tuesday’s federal budget disclosed new details about the distribution of $595 million that had been earmarked in the fall economic statement for promoting Canadian journalism. The budget also revealed an “independent panel of experts from the Canadian journalism sector” would be created to help figure out which news will be eligible to receive money or tax credits over a five-year period. Magazine publishers also would not qualify for the tax credits if they already receive aid through the Canadian Periodical Fund. News Media Canada, which represents 800 publications throughout Canada, also said Friday it was unclear whether the country’s biggest media firms would qualify for the tax credits. The bulk of the journalism funding proposed in the budget — $360 million over five years — is attached to the labour tax credits.

Source: National Post March 22, 2019 21:56 UTC