Canadian Governments Spending Billions in Taxpayer Dollars on Business Subsidies: Study

Canada’s three levels of government doled out $52 billion in 2022 to prop up businesses across the country, a recently released report has revealed. Government spending on business subsidies more than doubled from $24.5 billion in 2007 to $52 billion in 2022, the Fraser Institute report found. Provincial subsidies experienced the highest increase over the period, rising from $13.2 billion in 2007 to $35.4 billion in 2022 while federal subsidies grew from $7.4 billion to $11.2 billion. “These subsidies for businesses—also known as corporate welfare—come with huge costs to government budgets and taxpayers while doing little if anything to stimulate economic growth,” said Fraser Institute associate director of Alberta policy Tegan Hill....