June 2021

Did you claim the $500 credit for a digital news subscription expense when you filed your 2020 personal income tax return?  This is a non-refundable tax credit for amounts paid by individuals to a Qualified Canadian Journalism Organization (“QCJO”) for qualifying expenses after 2019 and before 2025.   A qualifying subscription expense is the amount a subscriber paid in the year for a digital news subscription to a QCJO.  To qualify for the credit, a digital news subscription must entitle an individual to access content in digital form that is primarily original written news.   The credit is entered on Line 31350 of the T1 for the years 2020 to 2024.  Check the “list of qualifying digital news subscriptions” to see if you have an expense which qualifies for the credit.  This results in tax savings of $100 – 120 per year.  It’s not much, but you should claim it, if you’re entitled to it.  

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