Cancel $1.5B in Corporate Welfare

A new Conservative government will cancel hundreds of millions of dollars in corporate welfare handouts to wealthy executives, shareholders, and foreign companies and instead put that money in Canadians’ pockets so they can get ahead.

A new Conservative government will conduct a review of all business subsidy programs in order to eliminate $1.5 billion in corporate handouts that don’t create jobs and support economic growth in Canada.

Those savings would instead go towards new measures to help hard-working Canadians.

Under Justin Trudeau, Canada’s wealthiest and most politically connected have received billions of dollars from Canadian taxpayers, who are working harder than ever and just not getting ahead. We will put an end to handouts to wealthy executives, shareholders, and foreign companies and instead put that money in Canadians’ pockets so they can get ahead.

A new Conservative government will also review innovation programs to ensure that they are supporting Canadian companies with patents, technologies, and economic benefits that remain in Canada. Conservatives believe that government support should help Canadians by creating jobs and opportunities.

Conservatives will make sure that funds spent on research and development will benefit Canadian companies, so that the intellectual property, technology, and resulting profits will benefit Canadians.

Conservatives will also strengthen regional development agencies and mandate them to focus on economic development, small- and medium-enterprises, and community-based projects.

Hard-working Canadians are rightly offended when they see their tax dollars going to further the interests of the wealthy and well-connected friends while Justin Trudeau makes them pay more for gasoline, groceries, and home heating.