Wednesday, January 10, 2007


The CTF has released a federal report entitled On the Dole: Businesses, Lobbyists, and Industry Canada's Subsidy Programs. The information was compiled through freedom of information requests made to Industry Canada.

Here are some of the lowlights.

- Between fiscal years 1982 and 2005, $18.4-billion of assistance was authorized through 47,960 separate grants, contributions, loans, interest contributions and loan guarantees from 150 different programs. Of the total, $7.1-billion is considered repayable funding yet only $1.25-billion or 17.6% of that amount has been repaid. All said, less than 7% of the total subsidy portfolio has been recouped by Ottawa;

- Technology Partnerships Canada (TPC), which is Ottawa's flagship corporate welfare program, has authorized $3-billion since its inception in 1996 and recovered only $169-million. This is a repayment record of less than 6%. Taxpayers were originally told every TPC investment dollar would return $1.74 in repayments from businesses;

- The Top 50 subsidy recipients have received a third of all money authorized or $5.9-billion;

- The Top 3 recipients have secured $2.6-billion in federal handouts. They are Pratt & Whitney ($1.5-billion authorized plus another $350-milion announced in Dec. 2006 that is not included in this report), Bombardier ($745-million authorized plus another $350-million announced in Nov. 2006), and General Motors Canada ($360-million); and

- Industry Canada has 2,234 lobbyist registrations and is the most lobbied department in Ottawa. In many instances transparency regulations were sidestepped or broken

To view the complete report click here

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