Digital news subscription credit
Effective 2020, a new, non-refundable credit called the Digital News Subscription Tax Credit will be available if you paid for a digital news subscription between 2020 and 2024.
Your subscription must give you access to digital content that was first offered as written news. For example, you could claim this tax credit for a newspaper or magazine that became a website.
You must also subscribe to a qualified Canadian journalism organization (QCJO).
Your credit is based on the lowest personal income tax rate (which is 15% in 2023), multiplied by the amount you paid for your subscriptions, up to a total of $500. For example, if you paid $500 for your digital news subscriptions, then you’re eligible for $75 as a tax credit. To save you time, H&R Block’s 2023 tax software calculates this credit for you once you enter how much you paid for your subscriptions.
If you share the contract for your subscription with someone else (like your roommate) and they want to apply for this credit too, you’ll have to divide the amount you want to claim between you.
Tax Tip: If you share the contract with your spouse or common-law partner, the person who earns a higher income can enter the full amount into H&R Block's tax software to get a higher tax credit.
To claim the digital news subscription tax credit, follow these steps in H&R Block’s 2023 tax software:
- On the left navigation menu, under the Credits & deductions tab, click Other.
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Under the MISCELLANEOUS heading, select the checkbox labelled All other deductions, then click Continue.
- When you arrive at the All other deductions page, enter the amount you paid for your digital news subscriptions into the tax software.