On May 1 2020 the Canadian Liberal Government announced an Order In Council (OIC) firearms prohibition. As part of this order the Government implemented an amnesty period (ending April 30 2022) to allow legal firearms owners the time necessary to become compliant with the new law. They also announced that they would introduce a buy-back program for the legal firearms owners affected by the OIC.
Since the mention of the buy-back program, there have been many questions around how much this federal buy-back would cost Canadians. Well, as of June 29 2021, the Parliamentary Budget Officer (PBO) has finally released their report on what they estimate the cost of this program to be. Spoiler alert, it’s not cheap. They’re estimating a cost that ranges between $47 million to $756 million.
