Speculation about the cost of this “buy back” has zeroed in on how much owners will be paid for surrendering their guns. CBC reported that Minister Blair claimed the cost for the “buy back” of roughly 250,000 firearms would be between $400 million and $600 million. That is, if owners comply.
The full cost of the “buy back” isn’t just $600 million; it’s much more.
Focusing on reimbursement costs is misleading because it ignores the biggest expense: government staff work. Prohibiting and confiscating 250,000 firearms is a complex undertaking and would involve considerable government resources. It would be impossible to do with the current police resources.