THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYCorporate welfare by Canada’s federal and provincial governments has more than tripled since 2015 and is strangling economic growth, according to a new study by the Fraser Institute. Article contentIt found corporate subsidies totalled $87.7 billion in 2024 alone, with $44.7 billion coming from the federal government and $43 billion from the provincial governments combined. Despite all of this spending, the study said, “an extensive body of research shows there is little connection between sustained, widespread economic growth or job creation and corporate subsidies.” “The massive recent increase in government spending on corporate welfare should concern all Canadians,” said Alex Whelan, co-author of the study by the fiscally conservative think tank, Eliminating Corporate Subsidies in Canada: An Opportunity to Boost Growth. “It’s wasteful spending at the expense of Canadian taxpayers and places government in the position of picking favoured businesses.