On November 21, Finance Minister Chrystia Freeland delivered the Liberal Government’s Fall Economic Statement in the House of Commons, which includes legacy media subsidies which will cost taxpayers $129 million over the next five years.

“To ensure a strong and independent press can continue to thrive in Canada the Fall Economic Statement proposes to enhance the Canadian journalism labour tax credit,” the Department of Finance wrote.

Beginning in 2019, Parliament changed the Income Tax Act to give yearly rebates of 25 percent for each news employee in cabinet-approved media outlets earning up to $55,000 a year, to a maximum of $13,750.

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