Now that Justin Trudeau is resigning as Prime Minister, what does that mean for Canadian music?
Justin Trudeau will remain Prime Minister until the Liberals choose a new leader. But now that he’s stepping down, there will be implications for Canadian music.
The Online Streaming Act
Bill C-11, the law that would force streamers to contribute a tiny portion of their revenues to Canadian cultural development is currently being implement. It will go ahead as scheduled.
An increase of $32 million in funding to the Canada Music Fund
Granting bodies such as FACTOR and Musication will get their promised money. About $31 million will also go towards funding festivals and art performances.
The Canadian Live Music Association has some questions
They’re hoping whatever comes next will be helpful. They will release a new economic impact study on January 30 to bolster their argument that the live music scene is essential to the economic well-being of the country.
What else?
- The value of the Canadian dollar will be of concern, especially when it comes to luring foreign acts to play Canada. The current situation is reminiscent of Loonie crises we’ve had in the past.
- Visa fees for Canadian musicians (in fact, all foreign musicians) required to play the US will continue at their crazy highs.
