In 2017, the provincial government spent $310 million on corporate welfare.
By 2027/28, the forecasted annual cost of federal debt interest will exceed $50 billion—or more than $1,200 per Canadian.
The costs included agricultural subsidies and tax credits for natural gas drilling.
Roughly half of all business income tax revenue collected by the province was sent back to select firms and industries.
Bombardier has seemingly given millions of taxpayer dollars to executives—while his company struggles to remain profitable.
Business subsidies can also irritate our trading partners, threatening Canadian access to foreign markets including the U.S.
For the “typical family” of four, the cost per billion dollars of assistance is $114.28.
Government support for national airplane producers can come at a great cost.
Queen’s Park’s policies have raised the cost of electricity to the point of bankrupting individuals and businesses.