Digital news subscription tax credit
The Canadian government introduced the Digital News Subscription Tax Credit that Brandon Sun subscribers can claim on their personal income tax and benefit return from the years 2020 to 2024.
Only digital subscriptions are eligible for tax credit, but if you have a print newspaper subscription, you can also claim the credit using the qualifying standalone digital subscription rate of $14.99 plus GST per month.
DIGITAL-ONLY SUBSCRIBERS (No Newspaper Delivery)
You can claim the total amount paid for your Brandon Sun digital subscription during the year.
PRINT NEWSPAPER SUBSCRIBERS
Your subscription includes digital access, and you can claim the cost of a Brandon Sun standalone digital subscription.
- Maximum qualifying amount per monthly subscription payment:
$14.99 + 5% GST = $15.74
- Maximum qualifying amount per 13-week subscription payment:
$49.99 + 5% GST = $52.49
- Maximum qualifying amount per 26-week subscription payment:
$94.99 + 5% GST = $99.74
- Maximum qualifying amount per annual subscription payment:
$179.99 + 5% GST = $188.99
If you paid more for your print newspaper subscription, only the maximum qualifying amounts above are eligible to claim on your tax return. If you paid less than the maximum qualifying amounts above, you can claim the full amount paid for your subscription.
Note: If more than one individual is entitled to claim the qualifying subscription expense for a year (i.e. spouses, roommates, etc.), the total amount can be split between you, provided that the total amount claimed is not more than the maximum amount that would be allowed if only one of you made the claim.
The Brandon Sun will email a Subscription Receipt to the primary email address on file for all subscription accounts by the end of February. This receipt will detail the amount paid for your subscription during the year and the amount you are eligible to claim for the Digital News Subscription Tax Credit on your tax return.
If you do not have an email address on file and would like to receive a subscription receipt, please email your name and phone number to firstname.lastname@example.org.
As it is a tax credit for the digital subscription rate or equivalent, receipts are sent by email. Paper copies will not be sent by letter mail, however, you can have someone print it out for you. The CRA does not require the actual receipt be included with your return. You must only keep the emailed copy for your records in the event of an audit, much like donation receipts, therefore the digital copy will suffice.
For more information visit Canada Revenue Agency: Digital news subscription tax credit.
Are you a print newspaper subscriber but you have not created an online account to receive unlimited digital access that is included as part of your subscription? Click the button below to create an online account.
Once you have created an online account, make sure to link it to your print newspaper subscription to receive unlimited digital access.
If you have questions please email email@example.com.