QC government to launch $50M plan for print media

The Government of Quebec has announced the creation of a new plan that will provide $50M in funding per year until 2023-24 to support the stability of the print media sector.

The plan will include the following support measures:

  • A new 35% reimbursable tax credit representing up to $75k of an employee’s annual salary to support newsroom staff;
  • A one-year extension, until Dec. 31, 2023, of the tax credit supporting the digital transformation of the print sector;
  • A two-year extension, until 2023-24, of programs offered by Culture et Communications Québec that support the print sector;
  • and added support for RecycleMédias to eliminate the financial compensation print companies previously gave to municipalities for recycling.

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