Billions in subsidies to big business

[Integrity_Farmer]

Canadians pay hefty $684B bill in business subsidies over 30 years, study shows
http://business.financialpost.com/news/economy/canadians-pay-hefty-684b-bill-in-business-subsidies-over-20-years-study-shows

[ajl]

Bombardier and the supply managed farmers of Canada are likely the two biggest recipients today. Not to mention wind farm developers. I agree: end all subsidies to business.

[Guest]

Yea and this pair of idiots are going after small buisness ... the lifeblood of the country . Complete assholes

[chuckChuck]

From the above post:
"Among the provinces, the study found that Quebec overall had the highest level of subsidies during that period, at $115.5-billion, followed by Alberta at $49.9-billion, Ontario at$46.7-billion and British Columbia at $34.5-billion.

They were followed by Saskatchewan at $18.3-billion and Manitoba at $10.5-billion. Nova Scotia spent $4.6-billion, Newfoundland and Labrador provided $3.1-billion, New Brunswick totalled $2.4-billion, and Prince Edward Island was at the bottom with $1.5-billion.

“In Quebec, over the decades, subsidies have increased in almost every year with few exceptions,” the study said.

The Fraser Institute looked at other sources of data for its study, including Industry Canada, which showed subsidies to private businesses amounted to $22.4-billion between 1961 and 2013. The top 10 recipients received almost $8.5-billion, or 38% of the total.

Eight of those companies are still in business, with healthy profits and plenty of cash on hand." end quote.

Quebec number 1, Alberta number 2!! ??? Wholly shit how can Alberta business get almost the same amount of subsidies as Quebec per capita? Who would have thought that "free market" Alberta is raking in a whole lot of subsidies and still complains about Quebec subsidies! Looks like Saskatchewan is getting a whole lot per capita as well. How could this happen under mostly Conservative governments who want smaller government and to cut spending? Are they socialists or what? Or just giving their business friends handouts?

[pgluca]

One question Chuck. How much more in equalization payments did Alberta pay than they got back in business subsidies??? I will be willing to bet that that is where the comparison should be, lets talk about the whole story.....

[grassfarmer]

Bombardier and the supply managed farmers of Canada are likely the two biggest recipients today. Not to mention wind farm developers. I agree: end all subsidies to business.

Well Bombardier is at #4. Supply managed farmers obviously aren't - as they don't get subsidized for the last time If anybody in the milk business is getting a subsidy i'd be looking for Parmalat or Nestle on the list.
A few interesting ones on this top 50 list. #8 Calfrac Well Services, #26 Parrish & Heimbecker Limited plus lots of other mining and energy industry companies.

[URL="http://beta.theglobeandmail.com/report-on-business/top-50-report-on-business-the-funding-portal/article19192109/?ref=http://www.theglobeandmail.com&"]http://https://beta.theglobeandmail.com/report-on-business/top-50-report-on-business-the-funding-portal/article19192109/?ref=http://www.theglobeandmail.com&[/URL]

[bucket]

Farmers edge is government subsidized....

[chuckChuck]

One question Chuck. How much more in equalization payments did Alberta pay than they got back in business subsidies??? I will be willing to bet that that is where the comparison should be, lets talk about the whole story.....

Yes lets look at the whole story including that for all the complaining about Quebec and Bombardier, Alberta and Saskatchewan are getting a large amount of business subsidies.

And Equalization is a federal program paid for by the federal government with federal taxes collected in all provinces. Ontario tax payers contribute the most federal taxes because they are the largest economy. Alberta happens to pay relatively more per capita federal taxes because incomes are higher than average largely because of the oil and gas sector.

[chuckChuck]

One question Chuck. How much more in equalization payments did Alberta pay than they got back in business subsidies??? I will be willing to bet that that is where the comparison should be, lets talk about the whole story.....

No doubt Alberta contributes a lot but also receives a lot of federal transfers Health is one. This all needs to be looked at to get the full picture.

In the end incomes in Alberta are higher than the rest of the country so they are doing very well. So I am not sure why they are so hard done by? Its like the rich neighbor down the road who has a lot of oil revenue and surface leases complaining about the high taxes he pays. Everybody laughs at him and says oh that must be soooo hard!

[Klause]

No doubt Alberta contributes a lot but also receives a lot of federal transfers Health is one. This all needs to be looked at to get the full picture.

In the end incomes in Alberta are higher than the rest of the country so they are doing very well. So I am not sure why they are so hard done by? Its like the rich neighbor down the road who has a lot of oil revenue and surface leases complaining about the high taxes he pays. Everybody laughs at him and says oh that must be soooo hard!

I don't know... Maybe has something to do with having a $5700 take home and $5600 deduction on your paycheque... I'm not joking that's what I had.


Here if I'm having a bad year on the farm why don't you give me half of all your earnings to even it out.

[Klause]

Farmers edge is government subsidized....

Taking government money and farmers money to sell farmers field level highly valuable production info to the markets. Wow.

[furrowtickler]

My question is , what makes this "info" so valuable ? What exactly is the end game on all this "valuable" info ?
Why is there such a scramble for this info?

[Bowerpower]

Farmers edge is government subsidized....

And have been hearing them advertising on tsn 1290 Winnipeg. What a crock.

[Bowerpower]

No doubt Alberta contributes a lot but also receives a lot of federal transfers Health is one. This all needs to be looked at to get the full picture.

In the end incomes in Alberta are higher than the rest of the country so they are doing very well. So I am not sure why they are so hard done by? Its like the rich neighbor down the road who has a lot of oil revenue and surface leases complaining about the high taxes he pays. Everybody laughs at him and says oh that must be soooo hard!

Are you a communist? Asking seriously?

[fjlip]

Equal...