An update on corporate welfare: $182 billion and
climbing.
When the Fraser Institute published the first study on
corporate welfare one year ago, the tally between April 1, 1994
and March 30, 2004 amounted to $144 billion. That was the
amount Canadian governments distributed to businesses in the
form of subsidies from federal, provincial, and municipal
treasuries (i.e., taxpayers) over the 10-year period. One year
later, and with two more years of data available, that figure
has climbed to over $182 billion for the 12 years between 1994
and 2006.