CANADIAN TAX CODE AT WORK
An exchange between my accountant and me illustrates
ACCOUNTANT
Any digital news subscriptions for which you kept receipts? (i.e. online Globe and Mail, online Toronto Stars, online National Post subscriptions, etc..)?
I HAVE ABOUT $100 A MONTH IN SUBSCRIPTIONS TO DIGITAL PLATFORMS CALLED SUBSTACK NOT TRADITIONAL NEWS PAPERS
ACCOUNTANT
To claim the digital news subscription, the platform must be registered as a “Qualified Canadian Journalism Organization” on CRA’s directory. Substack is not one of them and won’t qualify.
Love it. You get a tax deduction if you pay to get govt. approved propaganda but not for factful, truthful information!