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Corporate welfare: Now a $182 billion addiction

Type: Research Studies
Date Published: December 10, 2008
Authors:
Research Topics:
Government Spending

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.

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