The duty announced Thursday that it had obtained the status of a registered journalistic organization (RJO), which now allows it to issue official donation receipts to its contributors.
“Our donors have never waited for a tax advantage to show generosity towards the Duty throughout our history. Now, their gesture of support will be recognized for tax purposes as a donation in its own right, with all the tax advantages that this entails,” said the director of DutyBrian Myles.
So far, the support organization Friends of Duty, created in 1916, allowed the newspaper to rely on philanthropic income thanks to donors. The latter, however, could not benefit from tax credits for their contributions.
Obtaining the new status will result in the dissolution of the non-profit organization Friends of Duty. ” We [les] thank you sincerely for their commitment throughout the ages,” underlined Mr. Myles.
In Quebec, The duty is the sixth media outlet to receive the OJE designation since the implementation of support measures for Canadian journalism by the federal government in 2019-2020.
This status gives the newspaper other tax advantages, such as tax exemption on its income. It will also be able to collect donations from recognized charitable organizations.
These new financing avenues will be complementary to the paid subscription model “fiercely defended” by the daily for its printed and digital editions, the press release specifies.
Further details will follow.
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