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This version of the form is not currently in use and is provided for reference only. Download this version of
Form T622
for the current year.
Form T622 Digital News Subscription Tax Credit - Eligible Subscription - Canada
Form T622 Digital News Subscription Tax Credit - Eligible Subscription in Canada is used to claim a non-refundable tax credit for eligible subscription costs for qualifying digital news subscription services. It is designed to encourage Canadians to support Canadian journalism and stay informed by subscribing to qualified media organizations.
The individual taxpayer in Canada files the Form T622 Digital News Subscription Tax Credit for an eligible subscription.
FAQ
Q: What is Form T622?
A: Form T622 is a tax form used in Canada to claim the Digital News Subscription Tax Credit.
Q: What is the Digital News Subscription Tax Credit?
A: The Digital News Subscription Tax Credit is a tax credit offered in Canada to encourage the subscription to qualifying digital news organizations.
Q: Who is eligible for the Digital News Subscription Tax Credit?
A: Canadian residents who have paid for qualifying digital news subscriptions are eligible for the tax credit.
Q: What is an eligible subscription?
A: An eligible subscription is a subscription to a qualifying digital news organization that meets the criteria set by the Canadian government.
Q: How much is the Digital News Subscription Tax Credit?
A: The tax credit is equal to 15% of the amount paid for eligible digital news subscriptions, up to a maximum of $500 per year.
Q: How do I claim the Digital News Subscription Tax Credit?
A: To claim the tax credit, you need to complete and submit Form T622 with your annual income tax return.
Q: Can I claim the tax credit for multiple subscriptions?
A: Yes, you can claim the tax credit for multiple subscriptions, as long as they are eligible.
Q: Are all digital news subscriptions eligible for the tax credit?
A: No, only subscriptions to qualifying digital news organizations are eligible for the tax credit.
Q: Is the Digital News Subscription Tax Credit refundable?
A: No, the tax credit is non-refundable, meaning it can only be used to reduce the amount of tax you owe.
Download Form T622 Digital News Subscription Tax Credit - Eligible Subscription - Canada
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