WebJan 4, 2024 · Individual taxpayers can now get a 15% tax credit up to $75 per year between 2024 and 2024 for subscribing to Canadian written digital news. The CRA’s new tax break went into effect in 2024. WebNov 9, 2024 · Individuals who have entered into an agreement with a qualified Canadian journalism organization (QCJO) for an eligible subscription can claim the credit on their income tax return for the …

Tax Credit for Digital Subscriptions - News Media Canada

WebJan 10, 2024 · That includes tax credits that could slash rooftop solar costs by around 30%, according to the Natural Resources Defense Council. However, the bill faces an … WebDigital news subscription expenses: Federal non-refundable tax credits : 31400: Pension income amount: Federal non-refundable tax credits: ... disability-filter, disability tax credit, dtc: 33099 and 33199: Eligible medical expenses you can claim on your tax return: Federal non-refundable tax credits: family-filter: 34900: Donations and gifts ... calvin klein slim fit dress shirt men

Record Digital Subscription Tax Credit TheRecord.com

WebJan 19, 2024 · You can recover the $500 expense for a digital news subscription by purchasing $9,750 worth of Bank of Nova Scotia shares. The third-largest bank in Canada pays a lucrative 5.13% dividend. WebMar 17, 2024 · The digital news subscription tax credit is a non-refundable tax credit for individuals who subscribe to a qualified Canadian journalism organization (QCJO). This … WebYour credit is based on the lowest personal income tax rate (which is 15% in 2024), multiplied by the amount you paid for your subscriptions, up to a total of $500. For example, if you paid $500 for your digital news subscriptions, then you’re eligible for $75 as a tax credit. calvin klein slim fit dress pants