Corporate welfare breaks the $200-billion mark: An update on 13 years of business subsidies in Canada
— Published on November 27, 2009
In late 2007, when the Fraser Institute published the first study on corporate welfare, the tally between April 1, 1994 and March 31, 2004 amounted to $144 billion. Two years later, we have statistics up to March 31, 2007; the total now stands at $202.7 billion. Canadian governments distributed subsidies worth $202.7 billion to businesses (from federal, provincial, and municipal treasuries - i.e. tax payers) between April 1, 1994 and March 31, 2007.
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