Episode Details

Corporate welfare in Canada has exploded, surging 142% between 2019 and 2024 as federal and provincial governments pour billions into business subsidies—up to $87.7 billion by 2024, triple what it was in 2015. While proponents tout these funds as essential for job growth and competitiveness, critics like Alex Whalen of the Fraser Institute call it wasteful, ineffective, and unfair—essentially taxpayers paying for government favoritism. The study warns these subsidies distort markets, encourage lobbying over innovation, and fail to deliver real economic gains. Even more striking: eliminating them could free up enough money to slash business taxes by 80%, potentially jumpstarting the economy. The idea is gaining political traction—and not just among economists.

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