Corporate Welfare

Corporate Welfare

A new Conservative government will conduct a review of all business subsidy programs and eliminate those with no benefit to Canadians, putting more money in the pockets of Canadians. As Prime Minister, Andrew Scheer will conduct a review of all business subsidy programs to eliminate $1.5 billion in corporate welfare grants. Programs where the money benefits wealthy shareholders, executives, and foreign companies and/or the money goes to lobbyists and consultants, will be eliminated. Conservatives believe that government support should further Canada’s strategic industries and long-term competitiveness. A new Conservative government will also review innovation programs to ensure that they are supporting Canadian companies that provide benefits, profits, and patents that stay in Canada. We will ensure that funds we spend on research and development will benefit Canadian companies, so that the intellectual property, technology, and resulting profits will benefit Canadians.