Extending the Canadian Journalism Labour Tax Credit

$501M net impact on the budgetary balance over five years, 2026-27 to 2030-31.

The cost line

… no change to existing funding or no fiscal implication · – a further extension will be considered later · 0* less than $0.5 million. Positive numbers cost the budget (spending or forgone revenue); negative numbers improve it.

What the budget says

“To help Canadians continue to access trusted local news and information through a wide range of media platforms: Budget 2026 proposes to extend the Canadian Journalism Labour Tax Credit to qualifying private audio and audiovisual news organisations, in line with support provided to news organisations that produce written news.”

Budget 2026, p. 231 (PDF p. 247)

“For print journalism, Budget 2026 proposes to renew the temporarily enhanced 35% credit rate for two more years, until December 31, 2028- providing greater stability as the sector adapts to a changing media landscape.”

Budget 2026, p. 231 (PDF p. 247)

Amounts named in the text

Stated amounts can cover different periods, cash or accrual bases, previously announced money and loans. They are not additive with the cost line above.

• $501 million over five years, starting in 2026-27, and $85 million ongoing

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