2022: Canadian governments spent $52bn on business subsidies, a $27.5bn increase from 2007, with no economic growth stimulation.

The Fraser Institute reports that Canadian governments spent $52 billion on business subsidies, also known as corporate welfare, in 2022, a significant increase from $24.5 billion in 2007. Federal, provincial, and local spending increased but did not stimulate economic growth. The study suggests reducing business taxes and fostering a pro-economic growth environment for all businesses.

March 12, 2024
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