Montreal daily newspaper Le Devoir has become the latest Quebec media outlet to transform into a registered journalism organization — which can issue tax receipts for donations.
The publication said Thursday it had obtained"qualified donee" status under a tax measure from 2020 introduced by the federal government to support Canadian journalism. With the new designation, Le Devoir will benefit from tax advantages, including the ability to issue donation receipts, to be exempt from income tax, and to receive donations from registered charities.
"These new prospects for philanthropic revenue growth will complement Le Devoir's staunchly defended paid subscription model for both its print and digital editions," the newspaper said in a statement. Le Devoir had to change its complex legal structure to be eligible, including by converting institutional and private shareholder shares into loans equivalent to their initial contributions. Shareholders, which include the newspaper's unionized employees, will retain voting rights on the board of directors.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Le Devoir latest Quebec media outlet to get registered journalism organization statusMontreal daily newspaper Le Devoir has become the latest Quebec media outlet to transform into a registered journalism organization — which can issue tax receipts for donations.
Read more »
Quebec's planned tuition hike for out-of-province students draws criticism in OttawaMONTREAL — Quebec's plan to nearly double tuition for out-of-province students beginning next year is being questioned by federal politicians and members of the business community.
Read more »
Quebec pension model back on table in Alberta’s Canada Pension Plan exit debateThe Quebec model has been a point of contention amid concerns that Alberta's pension reserves could be at risk through politically-driven investment.
Read more »
Quebec's planned tuition hike for out-of-province students draws criticism in OttawaOTTAWA — Quebec's plan to nearly double tuition for out-of-province students beginning next year is being questioned by federal politicians and members of the business community.
Read more »
Quebec's planned tuition hike for out-of-province students draws criticism in OttawaOTTAWA — Quebec's plan to nearly double tuition for out-of-province students beginning next year is being questioned by federal politicians and members of the business community.
Read more »
Quebec's planned tuition hike for out-of-province students draws criticism in OttawaOTTAWA — Quebec's plan to nearly double tuition for out-of-province students beginning next year is being questioned by federal politicians and members of the business community.
Read more »