Digital News Subscription Tax Credit

Have you been subscribed to an online news service in the last tax year? Now you can claim tax credits on the amount you paid. Federal government introduced this tax credit to encourage Canadian journalism. if you had a subscription - all you have to do is to declare it on your tax return and 15% of the amount paid to a maximum of $75 will be returned to you.

Eligible news subscriptions can be found on CRA website https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/deductions-credits-expenses/digital-news-subscription/list-qualifying-digital-news-subscriptions.html

Not sure how to report your news subscription fees or have other 2022 tax season questions? CANATAX is your neighborhood tax professional located right here in Commercial drive in Vancouver . Contact us at 604-373-0788 , email us commercial@ctpros.ca or simply fill in the form at https://canadataxpros.com/contact/

Disclaimer: This article only provides general information which is not construed as professional advice. Readers seeking professional advice must consult an experienced and a qualified professional in the respective field.