The federal government plans to spend an estimated $13 billion on subsidies for Volkswagen’s Ontario battery plant.
business subsidies
March 15, 2023
8:28AM
Roughly half of all business income tax revenue collected by the province was sent back to select firms and industries.
May 10, 2021
9:55AM
The program's total budgeted costs for 2020/21 and 2021/22 now stand at $110.6 billion.
March 27, 2019
10:13AM
The Legault government in Quebec tabled its first budget last week.
May 15, 2018
2:01PM
Business subsidies can also irritate our trading partners, threatening Canadian access to foreign markets including the U.S.
March 7, 2017
10:11AM
The Ontario government will give $4.9 million to support small cideries and distilleries in the province.
February 24, 2017
3:00AM
By some estimates Ottawa gives $6 billion a year in support of business.
February 8, 2017
10:00AM
The federal government will provide Bombardier, a Canadian aerospace company, with interest-free loans totalling $372.5 million.
May 15, 2014
2:00AM
Ever wonder how Canada's net federal debt reached $671 billion by 2013? Or how net provincial debt among the provinces ended up at $509 billion that same year? Wonder no more. It's partially due to massive subsidies to corporations, government businesses and even consumers that over three decades amounted to $684 billion.