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Ontario's Corporate Welfare Bill: $27.7 billion

Type: Research Studies
Date Published: December 8, 2011
Authors:
Research Topics:
Government Spending
Since the early 1990s, Ontario governments of every partisan stripe have used tax dollars to subsidize private for-profit businesses. Between 1991/92 and 2008/09 (the first and last years for which comparable data are available), Ontario’s governments spent $27.7 billion on direct subsidies to corporations. For anyone who paid income tax in 2008, the cost of corporate welfare was $424 per Ontarian (or $848 per dual-income couple). By lowering taxes rates for all and offering subsidies to none, Ontario’s government could concentrate its spending and tax policy where it would do the most good.
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