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19 June 2017

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Canadian Parliament Committee Proposes Measures to Support Media Industry

The Canadian Parliament's Heritage Committee issued a report on 15 June 2017 that outlines proposed measures to support the country's struggling media industry, especially traditional media. One of the controversial measures proposed is the expansion of the 5% levy for Canadian content production on broadcasting distribution undertakings to broadband (internet) distribution. The levy is currently imposed on cable and satellite TV services, with the proceeds going to the Canada Media Fund, which supports the production of Canadian content. However, the same day the report was issued, Prime Minister Justin Trudeau came out to say that the government will not consider a tax on broadband that would increase taxes for the middle class.  

Other tax-related proposals in the report include:

  • Amending the Income Tax Act to allow deduction of digital advertising on Canadian-owned platforms;
  • Introducing a temporary five-year tax credit to compensate print media companies for a portion of their capital and labor investments in digital media; and
  • Ensuring that foreign news aggregators, which publish Canadian news and sell advertising directed to Canadians (such as Facebook and Google), are subject to the same tax obligations as Canadian providers.

Click the following link for the full report.

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