The subsidies for legacy media come as Canadians’ trust in mainstream media is polling at an all-time low.

The federal government of Prime Minister Justin Trudeau’s fall economic statement includes massive payouts for mainstream media outlets ahead of and after the 2025 election.

On November 21, Finance Minister Chrystia Freeland delivered the Liberal Government’s Fall Economic Statement in the House of Commons, which includes legacy media subsidies which will cost taxpayers $129 million over the next five years.

Beginning in 2019, Parliament changed the Income Tax Act to give yearly rebates of 25 percent for each news employee in cabinet-approved media outlets earning up to $55,000 a year, to a maximum of $13,750.  The department recommended that rebates be doubled next year to a maximum $29,750 annually. 

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