Tories putting ‘partisan’ spin on government’s plan to help news industry: Morneau

Click to play video: 'Fall Economic Update: Canada to support journalism, Nutrition North' Fall Economic Update: Canada to support journalism, Nutrition North
WATCH: Finance Minister Bill Morneau announced Wednesday the fall economic update includes funding to support journalism and Nutrition North – Nov 21, 2018

OTTAWA – Federal Finance Minister Bill Morneau says the Conservatives are making partisan arguments about his plan to help the news industry with tax measures.

Morneau offered a little more insight into the government’s objective Thursday morning at an Economic Club of Canada event in Ottawa, saying the change in the media landscape has been dramatic and strong journalism is essential for a healthy democracy.

The federal government announced Wednesday that it wants to help the struggling industry with tax credits and tax incentives valued at nearly $600 million over the next five years, but the details of the of the programs won’t come until the next federal budget – after the government gets advice from an independent panel it hasn’t named yet.

READ MORE: Tax credits for news subscriptions among Liberal plans to boost struggling newsrooms

The Tories were quick to criticize the idea of the government picking panel members, arguing that the Liberals will indirectly get to decide which organizations survive, and accusing them of trying to buy off the media in an election year.

Story continues below advertisement

Morneau says the opposition’s argument that his government is being opportunistic by appointing a panel before an election is simply “partisan.”

He says his experience is that journalists don’t necessarily agree with what the government does and that won’t change.

Sponsored content