VANCOUVER—Canada has experienced a substantial, long-term increase in federal and provincial government spending on corporate welfare in recent years, culminating with $87.7 billion in spending in 2024, according to a new study published by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Despite their current prevalence in Canada, research has consistently shown that corporate welfare is largely wasteful and generally fails to achieve its stated goals,” said Alex Whalen, director of the Atlantic Canada Prosperity Initiative at the Fraser Institute and co-author of Eliminating Corporate Subsidies in Canada: An Opportunity to Boost Growth.
