The Volkswagen handout prompted automaker Stellantis to halt construction of an electric vehicle battery factory.
Policymakers should make business and personal income taxes more competitive and reduce the costs of regulation.
Federal, provincial and local governments spent more than $352 billion subsidizing firms from 2007 to 2019.
Government should help foster a pro-growth environment that gives all businesses the opportunity to thrive.
The federal government plans to spend an estimated $13 billion on subsidies for Volkswagen’s Ontario battery plant.
Roughly half of all business income tax revenue collected by the province was sent back to select firms and industries.
The Legault government in Quebec tabled its first budget last week.
Business subsidies can also irritate our trading partners, threatening Canadian access to foreign markets including the U.S.