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Close the Loophole! 2024 Update

As of 2024, over 13 billion dollars in advertising revenue are being extracted from the Canadian economy annually, due to a longstanding federal tax loophole that allows Canadian business to claim tax deductions for advertising on foreign digital media like Facebook and Google.

This updated research paper, commissioned by Friends of Canadian Media, argues for policy changes that would fix this legislative flaw, and support Canadian news, programming, and jobs.

Read the updated report.

View transcript on YouTube.