Earlier today, Steven Guilbeault, the Minister of Canadian Heritage, provided further details regarding the Government of Canada’s April 17 announcement of temporary relief measures to support several sectors, including newspapers.
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A total of up to $500 million has been set aside to help alleviate the financial pressures of affected organizations across all sectors.
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In the first phase of funding support, publications eligible for the Canadian Periodical Fund will receive a 25 per cent top-up. In order to be eligible, publications will be required to submit a form, which will be made available by the Heritage Department next week.
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