The government of Quebec is providing financial help to the province’s print media,

The government of Quebec is providing financial help to the province’s print media, The Canadian Press reports.

A refundable tax credit amounting to 35 percent of staff salaries over five years will be available to media firms to allow the companies to come up with new revenue streams, according to The Canadian Press.

The move is retroactive to Jan. 1 and applies to newsroom staff making up to $75,000 ($57,500 U.S.) a year. The help amounts to almost $50 million ($38 million U.S.) annually by 2023-2024, The Canadian Press reported.

Quebec is also pushing out to Dec. 31, 2023, a tax credit available to boost the digital transformation of print media.

The Quebec government has also responded to requests of of media owners to get rid of the recycling tax paid to cities for curbside recycling, The Canadian Press reported.

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