Published On: Tue, Jul 20th, 2021
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Gun Buyback ‘a Huge Taxpayer Boondoggle at the Worst Possible Time’: Taxpayer Advocacy Groupon July 20, 2021 at 7:26 pm

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The federal government’s plan to buy back newly banned guns will cost a lot more than its initial estimates, says a tax advocacy group. “The cost could be hundreds of millions of dollars more than what we were sold on,” said Franco Terrazzano, federal director with the Canadian Taxpayers Federation. “Really, this has the makings for a huge taxpayer boondoggle, which would be coming at the worst possible time.” The Parliamentary Budget Officer released a report at the end of June indicating that the number of affected firearms—military-style assault rifles—was roughly 150,000 based on federal government estimates, and 518,000 according to the Canadian Sporting Arms and Ammunition Association (CSAAA). Depending on the actual number of affected firearms, the buyback take-up rate, and the pricing structure, the estimated cost of compensation could be as high as $756 million if all gun owners identified by the CSAAA participated in the buyback, the …

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