Crédit d’impôt pour appuyer la transformation numérique des entreprises de la presse écrite (Tax Credit to Support the Digital Transformation of Print Media Companies)

By mmuise
Description:

This tax measure aims to safeguard Quebec's print media by offering companies an annual tax credit of up to $7 million for the digital transformation of their activities.


Comments on Funding:

Funding takes the form of a refundable tax credit equal to 35% of digital conversion costs incurred after March 27, 2018 and before January 1, 2024.

Deadline: Rolling deadline
Eligibility:

Eligible Media - Media that meet the following conditions are eligible:

  • It is produced and distributed daily or periodically ( at least 10 times a year ) in print, Web or mobile format (application reserved for information);
  • It has been produced and distributed for at least 12 months before the filing of the first application ;
  • It publishes original written content of general interest that is aimed at the Quebec population and that covers at least three of the following seven themes : politics, the municipal world, the international situation, culture, business and the economy, local news, miscellaneous facts.
  • The newsroom is located in the company's establishment located in Quebec and those responsible for the original written information content — reports, portraits or interviews, analyses, columns, investigative reports and editorials — are journalists .
    Eligible employees:
    - an employee is eligible who holds a full-time job and who devotes at least 75% of his work time to the performance or supervision of eligible digital conversion activities for the eligible corporation, or to the direct support of these activities.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise