Philip Lawrence at the Canadian Heritage Committee

On May 23rd, 2024. See this statement in context.

May 30th, 2024 / 4:50 p.m.

Conservative

Philip Lawrence Conservative Northumberland—Peterborough South, ON

Thank you very much.

My questions will focus on the journalism labour tax credit.

Budget 2024 announced an increase of the yearly limit on labour costs under the Canadian journalism labour tax credit from $55,000 to $85,000 per eligible employee, and a temporary increase of the tax credit from 25% to 35%.

What is the rationale for limiting the increased credit to a four-year period?

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