The government’s Budget 2026 made culture a major focus, with headlines trumpeting billions in spending and a potential new personal income tax credit for creators. One aspect that should not get lost is a major reversal in how the government regulates large Internet platforms. For most of the past decade, the government’s approach to Internet platforms rested on a single idea: making web giants pay. That approach underpinned both the Online Streaming Act, which required streamers such as Netflix, Amazon and Disney to fund Canadian content, and the Online News Act, which required Google and Meta to fund Canadian journalism by paying for linking to the news. Budget 2026 confirms that the strategy has been largely abandoned, replaced by taxpayers footing the bill with roughly $1.5 billion in new or renewed support for culture and news in this budget alone, including $600 million in streaming-related funding budgeted for only one year, half a billion in journalism labour tax credits, most notably an extension to broadcasters such as Bell, Rogers, Corus and Quebecor, a permanent doubling of the Local Journalism Initiative, and another two-year renewal for CBC.

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