Canada’s government has promised almost $600 million (around $455 million in U.S. dollars) in tax incentives and credits over five years to aid the news business, the National Post and others reported.
To be involved, charitable journalism groups will need to provide their material free under a creative commons license.
Canadians subscribing with on-board news companies will see a modest tax break, the paper said.
The government will form an independent panel to rule on eligibility for the credit. Members of the panel will come from the journalism community, the paper says.
“We want to continue to ensure a strong and free press and we will do it in a way that is completely and totally independent from government. That is critically important. That Canadians need the information they need to make decisions in our democracy is critically important,” said Federal Finance Minister Bill Morneau.
More information will come in the 2019 budget.