What kind of digital news subscription qualifies as an expense deduction e.g. Economist subscription?

[RJC-JLC]

I have an annual subscription to The Economist.  Is that on the list of qualifying digital news organizations?

[Alanne]

Subscriptions eligible for the Digital News Subscription Tax Credit (DSNTC) must provide the subscriber access to original written news content.

Publishers may voluntarily submit a new form, T622 Digital News Subscription Tax Credit - Eligible Subscription, to confirm that they (and the subscriptions they offer) are eligible. This information will then be published on the Canada Revenue Agency (CRA) webpage for individuals to reference.

This list is compiled based on organizations that voluntarily submit a request to the CRA for a determination as to whether the subscriptions they offer meet the criteria in the Income Tax Act. Other organizations may also offer a subscription that qualifies for the DSNTC, but may have chosen not to request a determination from the CRA. In these cases, their subscriptions won't appear on the CRA’s list.*

Registered journalism organizations are exempt from tax, and can issue donation receipts for gifts that they receive. Submitting Form T622 to the CRA doesn't result in registered journalism organization status.

*Note: If a subscription isn't on the list, subscribers should contact the organization that offers the digital news subscription for more information.

You can check the list here: List of qualifying digital news subscriptions

To learn more, visit TurboTax webpage: What is the Digital News Subscription Tax Credit (DNSTC), and how do I claim it?

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