News
CBC pauses Twitter activity after being labelled ‘government-funded media’
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CBC/Radio-Canada has paused activities on its corporate and news Twitter accounts, after the social media platform put a “government-funded media” label on its @CBC account, in its latest move to stamp public broadcasters with designations.
“Twitter can be a powerful tool for our journalists to communicate with Canadians, but it undermines the accuracy and professionalism of the work they do to allow our independence to be falsely described in this way,” said corporate spokesperson Leon Mar.
“Consequently, we will be pausing our activity on our corporate Twitter account and all CBC and Radio-Canada news-related accounts.”
Our journalism is impartial and independent. To suggest otherwise is untrue. That is why we are pausing our activities on <a href=”https://twitter.com/Twitter?ref_src=twsrc%5Etfw”>@Twitter</a>. | Notre journalisme est impartial et indépendant. Prétendre le contraire est faux. C’est pourquoi nous suspendons nos activités sur <a href=”https://twitter.com/Twitter?ref_src=twsrc%5Etfw”>@Twitter</a>.
—@CBCRadioCanada
The pause will also apply to all CBC Sports accounts, entertainment-related accounts — such as for CBC-TV and radio programs — and any regional accounts.
The announcement came as Twitter also labelled some media outlets in several countries as “state-affiliated” or “government-funded.”
According to Twitter, “government-funded media is defined as outlets where the government provides some or all of the outlet’s funding and may have varying degrees of government involvement over editorial content.”
Editor in chief Brodie Fenlon said the pause of CBC News accounts was necessary.
“It is important to take a moment to assess what Twitter has done. That is why we have pressed pause today on our accounts. Our journalistic independence is the cornerstone of who we are as a public broadcaster. Suggesting otherwise is inaccurate and untrue,” he said.
Late Monday, Twitter CEO Elon Musk tweeted, “Their concern has been addressed,” with the CBC label changed to “70% Government-funded Media.” About an hour later, it changed again to “69% Government-funded Media,” reflecting what Musk said was based on the CBC’s government funding of “less than 70%.”
Their concern has been addressed <a href=”https://t.co/pSm6KotlZL”>pic.twitter.com/pSm6KotlZL</a>
—@elonmusk
Canadian Broadcasting Corp said they’re “less than 70% government-funded”, so we corrected the label <a href=”https://t.co/lU1EWf76Zu”>pic.twitter.com/lU1EWf76Zu</a>
—@elonmusk
NPR, BBC also labelled
National Public Radio in the U.S. announced earlier this month that it was leaving the platform after Twitter labelled its account as “state-affiliated media,” saying that doing so undermines its credibility by “falsely implying that we are not editorially independent.”
U.S. public broadcaster PBS followed suit, also leaving Twitter after it received the “government-funded” stamp.
The CBC is a Crown corporation, wholly owned by the state but operated at arm’s length from government.
CBC News is governed by policies laid out in its Journalistic Standards and Practices, which states: “We are independent of all lobbies and of all political and economic influence… Public interest guides all our decisions.”
In a statement Sunday night, Mar emphasized the government does not influence CBC’s editorial content.
“Twitter’s own policy defines government-funded media as cases where the government ‘may have varying degrees of government involvement over editorial content,’ which is clearly not the case with CBC/Radio-Canada,” Mar said.
“CBC/Radio-Canada is publicly funded through a parliamentary appropriation that is voted upon by all Members of Parliament. Its editorial independence is protected in law in the Broadcasting Act.”
Mar later said that Twitter did not consult with CBC before applying the label.
Conservative Leader Pierre Poilievre had recently called on Twitter CEO Elon Musk to add a “government-funded” label to accounts that promote “news-related” content from CBC.
Reacting to the label being implemented on Sunday, Poilievre tweeted that the CBC has been “officially exposed” as “Trudeau propaganda, not news.”
In its 2021-22 annual report, the CBC reported government funding of $1.24 billion. It also reported $651 million in revenue, largely from advertising during the 2020 Tokyo Olympic Games and the 2022 Beijing Olympic Games, which were held in the same fiscal year, and stronger demand for television advertising than the previous year. In the fiscal year 2020-21, CBC reported $1.39 billion in government funding and $504 million in revenue.
We must protect Canadians against disinformation and manipulation by state media.<br><br>That is why I’m asking <a href=”https://twitter.com/Twitter?ref_src=twsrc%5Etfw”>@Twitter</a> <a href=”https://twitter.com/elonmusk?ref_src=twsrc%5Etfw”>@elonmusk</a> to accurately label CBC as “government-funded media”.<br><br>It is a fact. And Canadians deserve the facts. <a href=”https://t.co/V1GRFHIcvz”>pic.twitter.com/V1GRFHIcvz</a>
—@PierrePoilievre
Australia’s ABC News said Monday it had received a new label on Twitter, branding the broadcaster as “government-funded media.” An ABC spokesperson said the news organization was “liaising with Twitter regarding the change.”
Similarly, Twitter last week changed a label on the main account of the BBC, the U.K.’s public broadcaster, to “government-funded media.”
The BBC disputed the change, saying it “is, and always has been, independent. We are funded by the British public through the licence fee.”
In response, Twitter altered the label to “publicly-funded media.”
In an interview with a BBC reporter, Musk said, “If we use the same words that the BBC uses to describe itself, that presumably would be OK… That seems to pass a reasonable test.”
News
Fires in Happy Valley-Goose Bay under control with no current risk of explosion – CBC.ca
A statement released Saturday morning from Happy Valley-Goose Bay RCMP says the fires in the town and on the Canadian Forces Base are now under control and there is no risk of explosion.
As well, Mayor George Andrews announced that the state of emergency has been lifted and evacuated residents are now permitted to return to their homes.
“We implore the general public to remain away from the area as we have firefighters and other first responders at the scene in the coming hours and days,” Andrews said.
“And we just ask the public not to engage in any activity up around the Canadian side,” he said, referring to the North side of the community.
The police say firefighters battled the blaze, which caused extensive damage to a number of commercial structures, throughout the night. No one was injured.
A fire broke out in a former airport hangar in Happy Valley-Goose Bay late Friday, which sparked a number of explosions as well as an evacuation and an official state of emergency.
Andrews says the fire department was assisted by a number of groups, including the military.
“Early this morning our firefighters stood down a little,” Andrews told CBC News on Saturday. “We have a crew here who are battling some hotspots.”
“This looks to me to be a predominantly clean up site,” Andrews said, regarding the damage caused by the fire. “Now, we will be probably on-site here for a number of days because of just the sheer heat and things within that old hanger. If you can imagine, this is a huge old military aircraft hanger.”
“The fire started in a couple of buildings that were on the back of an old hanger that sits at the airfield on the north side,” said Andrews. “It caused the the hanger that was next door to be engulfed… That hanger is not there anymore.”
Andrews said it’s too early to determine what caused the fire.
“This was a huge, huge effort on behalf of all our emergency services which were engaged and our crews fought very hot, very uncomfortable conditions through the night,” he said.
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News
Canada Child Benefit payment on Friday | CTV News – CTV News Toronto
More money will land in the pockets of Canadian families on Friday for the latest Canada Child Benefit (CCB) installment.
The federal government program helps low and middle-income families struggling with the soaring cost of raising a child.
Canadian citizens, permanent residents, or refugees who are the primary caregivers for children under 18 years old are eligible for the program, introduced in 2016.
The non-taxable monthly payments are based on a family’s net income and how many children they have. Families that have an adjusted net income under $34,863 will receive the maximum amount per child.
For a child under six years old, an applicant can annually receive up to $7,437 per child, and up to $6,275 per child for kids between the ages of six through 17.
That translates to up to $619.75 per month for the younger cohort and $522.91 per month for the older group.
The benefit is recalculated every July and most recently increased 6.3 per cent in order to adjust to the rate of inflation, and cost of living.
To apply, an applicant can submit through a child’s birth registration, complete an online form or mail in an application to a tax centre.
The next payment date will take place on May 17.
News
Capital gains tax change draws ire from some Canadian entrepreneurs worried it will worsen brain drain – CBC.ca
A chorus of Canadian entrepreneurs and investors is blasting the federal government’s budget for expanding a tax on the rich. They say it will lead to brain drain and further degrade Canada’s already poor productivity.
In the 2024 budget unveiled Tuesday, Finance Minister Chrystia Freeland said the government would increase the inclusion rate of the capital gains tax from 50 per cent to 67 per cent for businesses and trusts, generating an estimated $19 billion in new revenue.
Capital gains are the profits that individuals or businesses make from selling an asset — like a stock or a second home. Individuals are subject to the new changes on any profits over $250,000.
The government estimates that the changes would impact 40,000 individuals (or 0.13 per cent of Canadians in any given year) and 307,000 companies in Canada.
However, some members of the business community say that expanding the taxable amount will devastate productivity, investment and entrepreneurship in Canada, and might even compel some of the country’s talent and startups to take their business elsewhere.
Benjamin Bergen, president of the Council of Canadian Innovators (CCI), said the capital gains tax has overshadowed parts of the federal budget that the business community would otherwise be excited about.
“There were definitely some other stars in the budget that were interesting,” he said. “However, the … capital gains piece really is the sun, and it’s daylight. So this is really the only thing that innovators can see.”
The CCI has written and is circulating an open letter signed by more than 1,000 people in the Canadian business community to Trudeau’s government asking it to scrap the tax change.
Shopify CEO Tobi Lütke and president Harley Finkelstein also weighed in on the proposed hike on X, formerly known as Twitter.
We need to be doing everything we can to turn Canada into the best place for entrepreneurs to build 🇨🇦<br><br>What’s proposed in the federal budget will do the complete opposite. Innovators and entrepreneurs will suffer and their success will be penalized — this is not a wealth tax,…
—@harleyf
Former finance minister Bill Morneau said his successor’s budget disincentivizes businesses from investing in the country’s innovation sector: “It’s probably very troubling for many investors.”
Canada’s productivity — a measure that compares economic output to hours worked — has been relatively poor for decades. It underperforms against the OECD average and against several other G7 countries, including the U.S., Germany, U.K. and Japan, on the measure.
Bank of Canada senior deputy governor Carolyn Rogers sounded the alarm on Canada’s lagging productivity in a speech last month, saying the country’s need to increase the rate had reached emergency levels, following one of the weakest years for the economy in recent memory.
The government said it was proposing the tax change to make life more affordable for younger generations and fund efforts to boost housing supply — and that it would support productivity growth.
A challenge for investors, founders and workers
The change could have a chilling effect for several reasons, with companies already struggling to access funding in a high interest rate environment, said Bergen.
He questioned whether investors will want to fund Canadian companies if the government’s taxation policies make it difficult for those firms to grow — and whether founders might just pack up.
The expanded inclusion rate “is just one of the other potential concerns that firms are going to have as they’re looking to grow their companies.”
He said the rejigged tax is also an affront to high-skilled workers from low-innovation sectors who might have taken the risk of joining a startup for the opportunity, even taking a lower wage on the chance that a firm’s stock options grow in value.
But Lindsay Tedds, an associate economics professor at the University of Calgary, said the tax change is one of the most misunderstood parts of the federal budget — and that its impact on the country’s talent has been overstated.
“This is not a major innovation-biting tax change treatment,” Tedds said. “In fact, when you talk to real grassroots entrepreneurs that are setting up businesses, tax rates do not come into their decision.”
As for productivity, Tedds said Canadians might see improvements in the long run “to the degree that some of our productivity problems are driven by stresses like housing affordability, access to child care, things like that.”
‘One foot on the gas, one foot on the brake’
Some say the government is sending mixed messages to entrepreneurs by touting tailored tax breaks — like the Canada Entrepreneurs’ Incentive, which reduces the capital gains inclusion rate to 33 per cent on a lifetime maximum of $2 million — while introducing measures they say would dampen investment and innovation.
“They seem to have one foot on the gas, one foot on the brake on the very same file,” said Dan Kelly, president of the Canadian Federation of Independent Business.
A founder may be able to sell their successful company with a lower capital gains treatment than otherwise possible, he said.
“At the same time, though, big chunks of it may be subject to a higher rate of capital gains inclusion.”
Selling a company can fund an individual’s retirement, he said, which is why it’s one of the first things founders consider when they think about capital gains.
Mainstreet NS7:03Ottawa is proposing a hike to capital gains tax. What does that mean?
Dennis Darby, president and CEO of Canadian Manufacturers & Exporters, says he was disappointed by the change — and that it sends the wrong message to Canadian industries like his own.
He wants to see the government commit to more tax credit proposals like the Canada Carbon Rebate for Small Businesses, which he said would incentivize business owners to stay and help make Canada competitive with the U.S.
“We’ve had a lot of difficulties attracting investment over the years. I don’t think this will make it any better.”
Tech titan says change will only impact richest of the rich
Toronto tech entrepreneur Ali Asaria will be one of those subject to the expanded capital gains inclusion rate — but he says it’s only fair.
“It’s going to really affect the richest of the rich people,” Asaria, CEO of open source platform Transformer Lab and founder of well.ca, told CBC News.
“The capital gains exemption is probably the largest tax break that I’ve ever received in my life,” he said. “So I know a lot about what that benefit can look like, but I’ve also always felt like it was probably one of the most unfair parts of the tax code today.”
While Asaria said Canada needs to continue encouraging talent to take risks and build companies in the country, taxation policies aren’t the most major problem.
“I think that the biggest central issue to the reason why people will leave Canada is bigger issues, like housing,” he said.
“How do we make it easier to live in Canada so that we can all invest in ourselves and invest in our companies? That’s a more important question than, ‘How do we help the top 0.13 per cent of Canadians make more money?'”
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