Waiving Part I Broadcasting Licence Fees and Providing Equivalent Funding to CRTC

Providing the Canadian Radio-television and Telecommunications Commission (CRTC) with funding to offset the revenue loss from waiving the Part I Broadcasting Licence Fees for the 2020-21 fiscal year. Part I Broadcasting Licence Fees are paid by broadcasters to CRTC as per the Broadcasting Licence Fee Regulations, 1997, based on CRTC’s estimated regulatory costs for the current fiscal year and the broadcasters’ revenues from the most recently completed return year. As such, the 2020-21 Part I Fee amount is not expected to be directly impacted by economic uncertainties related to COVID-19. PBO estimates total net cost of this measure to be $33 million in 2020-21.