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Friday, 23rd January 2009

Canadian tab for corporate welfare exceeds $180 billion; no evidence that subsidies provide net benefits

Canadian tab for corporate welfare exceeds $180 billion; no evidence that subsidies provide net benefits
Source: Fraser Institute

While politicians in Ottawa argue over how much additional money the government should give business in the name of economic stimulation, a new report from independent research organization the Fraser Institute shows that Canadians already provided more than $182 billion in corporate welfare to businesses between 1994 and 2006.

That works out to $13,639 per tax payer over that twelve-year period or $1,291 per tax payer in 2006 alone.

+ Full Report (PDF; 104 KB)


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