Ottawa has finally given Canadian literary and current-affairs magazine The Walrus the charitable tax status it has been seeking for years. The magazine, which launched in September, 2003, and will now be officially run by The Walrus Foundation, announced yesterday the decision from the Canada Revenue Agency.
The Walrus's publisher Ken Alexander had expected a positive decision, but it wasn't a foregone conclusion. The charitable status means that The Walrus Foundation can accept donations, which in turn will allow donors to receive tax breaks.
"It is a great day for writers, artists and academics," Alexander said. The magazine will continue to publish 10 months a year, with two double issues, while the foundation will also hold events such as public-policy conferences and literary evenings.