delete Regulations Respecting Assistance to Encourage the Construction of Ships and the Improvement of Shipbuilding Performance
These Regulations provide taxpayer-funded subsidies (9-20% of construction costs) and contributions (up to 3%) to Canadian shipbuilders who construct ships in Canada, with conditions such as using Canadian materials when available and submitting to improvement plans. The program has explicit expiry dates: no contributions for applications after March 31, 1990, with all improvement project costs to be incurred by December 31, 1990 and claimed by March 31, 1991.
This regulation is expired and obsolete on its face (deadlines passed in 1990-91). Even when active, it represented corporate welfare that distorted market signals, raised costs by mandating Canadian content, and taxed productive Canadians to shield inefficient shipbuilders from competition. Wealth is created by voluntary exchange, not subsidies; deleting this decades-dead regulation would have zero negative effect while removing a relic of mercantilist thinking that protects special interests at the expense of consumers and taxpayers.