By Franco Terrazzano

The federal government rubberstamped more than $190 million in bonuses to Crown corporations in 2024-25, according to government records obtained by the Canadian Taxpayers Federation.

“Bonuses are for when you do a good job, they shouldn’t be handed out like participation trophies,” said Franco Terrazzano, CTF Federal Director. “Taxpayers can’t afford to bankroll big bonus cheques each and every year for highly paid government executives.

“Here’s a crazy idea: maybe the government should stop handing out bonuses when it’s borrowing tens of billions of dollars every year.”

The records detailing Crown corporation bonuses for 2024-25 were released in response to an order paper question submitted by Conservative member of Parliament Andrew Scheer (Regina-Qu’Appelle).

Crown corporations dished out $190.3 million in bonuses for the last fiscal year, according to the records. The records break down both executive and non-executive bonuses.

The Business Development Bank of Canada issued more bonuses than any other Crown corporation, with its bureaucrats taking home more than $60 million. Every executive took a bonus, with the average executive bonus totalling $216,000, according to the records.

Several failing Crown corporations rubberstamped bonuses.

The Canada Mortgage and Housing Corporation rubberstamped $30.6 million in bonuses last year. Nearly 99 per cent of CMHC executives took a bonus, for an average executive bonus of $42,900, according to the records.

The CMHC has repeatedly claimed it’s “driven by one goal: housing affordability for all.”

In 2024, the Royal Bank of Canada said it was the “toughest time ever to afford a home.” More than 70 per cent of Canadians who do not own a home said “they have given up on ever owning” one, according to polling from Ipsos.

VIA Rail also dished out $11 million in bonuses in 2024-25. The records show 100 per cent of its executives took a bonus last year. The average bonus for VIA Rail executives is $110,000.

VIA Rail’s operating losses totaled $385 million in the most recent year, according to its latest annual report. The government bailed out VIA Rail to the tune of $1.9 billion over the last five years just to cover the train company’s operating losses.

The Canada Infrastructure Bank dished out $8.6 million in bonuses in 2024-25. The records show 83 per cent of its executives took a bonus, for an average executive bonus of $197,000.

“The CIB is not expected to reach its disbursement goals in any sector by 2027-28,” according to the Parliamentary Budget Officer.

In May 2022, the House of Commons Standing Committee on Transport, Infrastructure and Communities tabled a report with only one recommendation: “The Government of Canada abolish the Canada Infrastructure Bank.”

Multiple Crown corporations including Canada Post and the National Capital Commission, did not provide bonus records for 2024-25. Both Crown corporations said they had “nothing to report at this time.”

Federal departments and agencies have yet to provide bonus figures for 2024-25. However, the government rubberstamped more than $1.5 billion in bonuses to bureaucrats employed by federal departments and agencies between 2015 and 2023. The bonuses kept flowing despite the fact that “less than 50 per cent of [performance] targets are consistently met within the same year,” according to the PBO.

Prime Minister Mark Carney is requiring Crown corporations to propose savings of up to 15 per cent of their spending by 2028, according to media reports.

“The first thing on Carney’s chopping block should be taxpayer-funded bonuses,” Terrazzano said. “We need a culture change in Ottawa and that means the government must stop rewarding failure with taxpayers’ money.”

Table: Crown corporations with highest bonuses 2024-25

From the Frontier Centre for Public Policy

By Conrad Eder

Ottawa’s EV subsidies have backfired. Western Canada’s canola farmers are the latest victims of misguided government industrial policy

Economic policy is more like gardening than engineering. You can shovel all the money you want into trying to grow coconuts in a Canadian winter, but you’ll achieve far better results—and feed many more people—by planting potatoes in the spring and letting nature run its course.

For Canada, that means embracing policies that create fertile ground for all businesses to compete, innovate, and serve consumers. Ottawa, unfortunately, prefers to play God with the weather. What began as economic tinkering has triggered a cascade of interventions now devastating Canada’s canola industry.

Rather than letting the market determine Canada’s strengths, federal and provincial politicians decided they knew better, wagering $52.5 billion to lure EV and battery manufacturers to Canada. Massive public subsidies were placed on a handful of firms and technologies.

The Parliamentary Budget Officer delivered a sobering assessment of this boondoggle: it could take decades for taxpayers to break even on these subsidies—and only if nothing goes sideways.

Well, you know what they say about best-laid plans.

After committing billions, Ottawa faced an awkward truth: Chinese manufacturers were eating our lunch, offering EVs at lower prices, thanks in part to their own subsidies. Instead of reversing course, Ottawa hit the panic button and slapped a 100 per cent tariff on Chinese EVs.

Let’s be clear: this wasn’t about national security or consumer protection. It was about salvaging one of the largest industrial bets in Canadian history.

Yes, some sectors require targeted oversight to protect privacy and safety. EVs aren’t one of them. Their risks can be managed with targeted regulations and technical safeguards. But the tariffs do real damage by blocking affordable EVs and denying Canadians the right to judge for themselves.

Predictably, China didn’t take the tariffs lying down. In March, Beijing slapped 100 per cent duties on Canadian canola oil. In August, it hit canola seed with 75.8 per cent tariffs, effectively shutting out Canadian farmers from a $4.9-billion market.

Ninety-nine per cent of canola fields are in Western Canada. Canola is Canada’s top crop export, supporting tens of thousands of Prairie jobs and generating over $43 billion annually.

Another trade war, another lose-lose. Canadians pay more for EVs. Chinese consumers pay more for food.

And now, predictably, agricultural lobbyists are seeking Ottawa’s help. The government—having started the fire—has responded with $370 million in biofuel incentives and expanded financial support for canola producers. More subsidies. More distortion. Another Band-Aid for another self-inflicted wound.

Ironically, Canada’s farm sector already receives substantial government support. Now it’s receiving even more just to survive Ottawa’s protection of a separate subsidized industry. That’s the trouble with industrial policy: helping one sector often means hurting another. And taxpayers get the privilege of funding both.

There’s a better way forward: it doesn’t involve doubling down on mistakes. The solution is to stop the engineering and let the economy breathe. Lower taxes. Fewer regulations. Neutral infrastructure investment. These create the conditions for businesses to rise or fall on merit. That’s how innovation flourishes: through competition, not cabinet-level favouritism.

It’s not hard to follow the dominoes. EV subsidies triggered Chinese tariffs. Tariffs triggered canola retaliation. Canola retaliation now triggers demands for bailouts.

One attempt to pick winners has manufactured a long list of losers.

Had Ottawa stuck with free-trade principles, Canadians could’ve had more affordable EVs, taxpayers would’ve saved billions, and canola farmers would still have access to a vital export market.

Instead, we get a chain reaction of policy “fixes,” each one compensating for the damage done by the last—each one digging the hole deeper.

When governments try to engineer economic outcomes, citizens foot the bill. The real lesson? Governments are great at creating problems. Markets are better at solving them.

If Canada wants a prosperous economic future, it must stop betting the farm on political hunches and let competitive markets do the cultivating.

Conrad Eder is a policy analyst at the Frontier Centre for Public Policy.