NP View: Close the tax loophole that allows foreign tech giants to bleed Canadian media dry

It’s time to revisit the advertising tax deductibility provisions of the Income Tax Act

You would be hard pressed to think of an industry that is struggling more than the Canadian news industry. It’s a business in which success is measured by survival — and there are fewer and fewer survivors with each passing year.

Our parliamentarians have rightly recognized that the rapid decline of the fourth estate is an existential threat to the very foundation of our democracy. And there has been an honest effort from Canadian governments to provide support to an industry at risk of implosion.