Justin Trudeau has proposed a $600 million tax credit to support Canadian journalism, but there are concerns that it will somehow compromise the media. In this episode, I talk about the problems with the proposed tax credit and offer suggestions on how the government can fix them.
00:02:35.060What is the eligibility? Who's going to be eligible? Which organizations? Why and to what degree?
00:02:41.300Those are the big questions that people have out there right now
00:02:44.740How they're going to determine this is they're putting together a panel of independent journalists and I said hold on a second
00:02:51.180I would much rather be judged by 10 complete strangers than I would other people in the media and quite frankly
00:02:56.180I imagine other people in the media feel the same way about me and that's fine
00:03:00.180So we're bringing people in the industry and they're going to set the rules of the game
00:03:04.680I'm a little uncomfortable about this and I'm also of course uncomfortable about the idea that a politician say the prime minister his cabinet ministers would do it as well
00:03:13.100So how should they work around all of this?
00:03:15.140Well, as I said that's somewhat similar to the film tax credit that already exists federally and in a bunch of provinces
00:03:21.180But the film tax credit it's an administrative mechanism. They have these rules
00:03:26.100They basically say you have to take off out of these ten different boxes
00:03:29.860You have to take off at least six of them and then you get your film tax credit and you just file your paperwork into the office
00:03:36.060It's an administrative exercise that you send in to bureaucrats. It's that that simple. That's it
00:03:41.760And I believe if they're going down the path of this media tax tax credit and they definitely are so it seems they need to make it as
00:03:49.940Administrative as bureaucratic as hands-off as antiseptic as possible to avoid any sort of any sort of meddling
00:03:59.120Whether it's from other journalists who are doing a sort of jury of their peers or from people in the government
00:04:05.120So scrap that panel I say and just do it as a bureaucratic instrument
00:04:09.820Now the other big recommendation I make they say they're going to bring out a list of qualified Canadian journalism organizations
00:04:17.180That's what they're calling it and that list may even go online. I say well, hold on a second
00:04:22.460Compiling a list of people who you're putting online and basically saying these are the I don't know government endorsed media organizations
00:04:33.180They say that I guess these are just the organizations they are deeming eligible for this tax credit and also another change that they're bringing in for for not-for-profit and charitable status
00:04:42.360But here's the thing you don't need to compile a list of people who are eligible for a tax credit
00:04:48.680Any tax credit out there that we claim for our families for ourselves when we're filing our taxes
00:04:54.120You just tick off a little box saying I'm claiming this credit and you either get it or you don't
00:04:58.840There's no list of all of us who have gotten the the transit tax credit or what have you again
00:05:06.140So that was the substance of the remarks that I made to the committee. This is really about minimizing the politicization of this
00:05:12.940If they're going down this road, it seems like they are and that this legislation will pass
00:05:17.420So those were the things that I told them the specific pinpoint issues that they've got to do to try and make sure that the damage is as small as possible