Canada’s Corporate Welfare Crisis | Toronto News

Canada’s corporate welfare spending has skyrocketed since 2015, hitting nearly $88 billion in 2024 — but studies show it doesn’t create jobs or boost growth. Instead, businesses learn to lobby for more handouts. Experts argue cutting these subsidies and lowering taxes broadly could slash taxes by 80% and actually help the economy. Yet Canada’s productivity crisis threatens to make its standard of living the worst among developed nations — a slow climb ahead as foreign investment alone won’t fix deep-rooted problems. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c9655ffb94f44433