By Fraser Institute —— Bio and Archives--March 12, 2024
VANCOUVER—Canadian governments spent $52 billion in 2022 subsidizing businesses across all provinces—including federal, provincial, and local spending—finds a new report published today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“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 Tegan Hill, associate director of Alberta policy at the Fraser Institute and co-author of The Cost of Business Subsidies in Canada: Updated Edition.
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