• Nearly $12 billion spent on corporate welfare by federal government since 1967 provides zero evidence of job creation • For 148 projects receiving at least $25 million, 84 per cent have at least some information redacted
$12 Billion in Corporate Welfare but Zero Transparency
OTTAWA, ON: The Canadian Taxpayers Federation (CTF) today released access-to-information documents showing a troubling lack of transparency and accountability surrounding corporate welfare handed out by the federal government, with virtually no information available regarding the number of jobs created from nearly $12 billion in taxpayer subsidies dispensed since 1967.
“We are constantly told by governments that corporate welfare creates jobs,” said CTF Federal Director Aaron Wudrick. “And yet there is often no requirement that the recipients of the taxpayer subsidies report back to government on the number of jobs created as a result of these handouts.”
