Under Justin Trudeau, small businesses have been under attack. Tax hikes and significant regulatory burdens under the Liberals are making it hard for small business owners to get ahead.
A new Conservative government will support small businesses. We have announced that we will:
Putting an end to Trudeau's Corporate Welfare
Under Justin Trudeau, taxes and the cost of living have skyrocketed. Meanwhile, this Liberal government has given billions of dollars to the wealthy and well-connected. This is wrong.
Here are just some examples of what Justin Trudeau has done:
- Writing-off two multimillion-dollar loans to the Irvings, one of Canada’s wealthiest families;
- $950 million for Superclusters, which are not evaluated for any type of performance criteria;
- $12 million for freezers to Loblaws – a profitable, multibillion-dollar company (net 2018 earnings: $719 million)
- $40 million for Blackberry
- $49 million for Canada-Kuwait Petrochemical
- $20 million of a $743 million project by Maple Leaf Foods (2018 profits: $100
- $35 million for Nova Chemicals, announced at Davos with no results
- $18 million for a private jet airport, which was only cancelled because of media
- the $35-billion, boondoggle-in-waiting Canada Infrastructure Bank – which sees
taxpayers assuming all the risk while corporate investors make all the profit.
With the SNC-Lavalin corruption scandal, we know just how far Trudeau will go to help his corporate buddies. This is not fair for everyday Canadians who are struggling under this Liberal government.
A new Conservative government will conduct a review of all business subsidy programs in order to eliminate $1.5 billion in corporate welfare. Under our plan, programs where the money benefits wealthy shareholders, executives, and foreign companies and/or the money goes to lobbyists and consultants, will be eliminated.