Post Hallowe'en Fright: Liberals Propping Up "Approved" Media Sources Through, of All Things, a CRA Approved Tax Credit (The Gall of it All)

As tax season approaches...

Rarely do I post from this source, but it has one of the most plain uses of explaining financial details to the broader masses.  And if you are not frightened by this plain English (although Hallowe'en has already passed), I'm not sure how else to explain.  The $500 Digital News Subscription Tax Credit is an income tax measuresmeant "to support journalism".  Laughable and horrific at the same time. 

Not only that, the Liberals have set up, through CRA approvals, have set up a "Qualified Canadian Journalism Organization" allowed to call what is "news" and approve "journalism".  

Anyone remember reading that book 1984 in high school? 

https://www.fool.ca/2020/10/30/canada-revenue-agency-did-you-claim-the-500-digital-news-subscription-tax-credit/

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/business-tax-credits/canadian-journalism-labour-tax-credit/qualified-canadian-journalism-organization.html

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/business-tax-credits/canadian-journalism-labour-tax-credit/guidance.html#h_2

"...Qualified Canadian journalism organization...To be designated as a qualified Canadian journalism organization (QCJO), an organization is required to meet the criteria set out in the Income Tax Act. For more information on these criteria, go to Guidance on income tax measures to support journalism..."

"...An organization must first be designated as a QCJO to claim the Canadian journalism labour tax credit; potentially have their subscription costs be considered as qualifying subscription expenses for the digital news subscription tax credit; and/or apply for qualified donee status as a registered journalism organization..."

"...The CRA will work with the Independent Advisory Board on the Eligibility for Journalism Tax Measures (Advisory Board), who will review application and make recommendations as to whether the organization produces original news content and follows journalistic processes and principles..."

"...1. Background:1.1. Federal Budget 2019 introduced three income tax measures to provide support to Canadian journalism organizations producing original news content, namely:

a 25% refundable labour tax credit for salary or wages payable in respect of an eligible newsroom employee on or after January 1, 2019;

a 15% non-refundable personal income tax credit to allow individuals to claim digital news subscription costs paid to a qualifying organization after 2019 and before 2025; and

extending eligibility for registration as a qualified donee to registered journalism organizations (RJO), beginning on January 1, 2020.

1.2. The legislation amending the Income Tax Act (the Act) related to the above measures, received Royal Assent on June 21, 2019..."