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VIDEO: Wilson questions government about tax credit for community newspapers

(October 26, 2017) - This week in the Ontario Legislature, Simcoe-Grey MPP Jim Wilson asked the government to consider restoring a tax credit to assist community newspapers with their digital transformations.

Wilson questioned the government about the Ontario Interactive Digital Media Tax Credit. The tax credit was once available to Ontario’s community newspapers to help them transition to new digital products and marketplaces. The government reduced the availability of the tax credit in 2015.

Please view the attached video for the full exchange between Wilson and the Minister of Tourism, Culture and Sport Eleanor McMahon and Minister of Finance Charles Sousa.

“The Ontario Interactive Digital Media Tax Credit once provided small, local media companies with funds to help during this transition to the digital media marketplace,” Wilson said in the House. “This government has cut that funding. Small local newspaper companies don’t have large staff resources and could use the extra funds to assist with their digital transformations.”

Wilson asked the government to review the decision to cut the availability of the tax credit.

“Local newspapers are the lifeblood of small communities. The Ontario Community Newspapers Association reminds us that the rapid arrival of the digital age has left these small-town companies struggling to keep up,” said Wilson. “The Ontario Interactive Digital Media Tax Credit helped these companies deal with the new digital frontier. Will this government reconsider the cut to this program and extend local newspapers an important lifeline?”

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