Research & News
Bookmark and Share

Ontario's Corporate Welfare Bill: $27.7 billion

Type: Research Studies
Date Published: December 8, 2011
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.
Free Download(s):