Ontario government spent more than $70 billion on corporate welfare from 2007 to 2019
The Cost of Business Subsidies in Canada
By Fraser Institute —— Bio and Archives--March 14, 2023
Canadian News, Opinion | Comments | Back To Full Article
VANCOUVER—The Ontario government spent $73.4 billion (inflation-adjusted) subsidizing businesses over a 13-year period, finds a new study released 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, economist at the Fraser Institute and co-author of The Cost of Business Subsides in Canada.
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