I didn't say fund B2B SaaS instead, I said just don't do corporate welfare. B2B SaaS gets R&D credits here which doesn't make sense either.
That "corporate welfare" helps employ 136,000 Ontarians as well as maintaining an robust industrial base that can expand into newer critical technologies such as Battery Tech (as is clearly seen in the article above).
The libertarian "free market" myth is effectively dead -- welcome to the age of industrial policy.
Governments understand that their taxes are barriers to the jobs and goods they want so they are willing to selectively get out of the way.
It's not a free market, but libertarian treatment for specific companies that they want to succeed.
In this case, nobody wants to build batteries in Canada if the government takes 25% of any profits, so the government has to reduce their take if they want battery factories