The federal government’s buyback of recently banned firearms will cost over $340 million, based on police estimates of firearm ownership rates that are over a decade old.
Marcia Jones, director general with the public safety department, testified before the Senate National Finance Committee that budgeted costs to collect 12,000 firearms were $20 million, but that there are “additional costs for the program relating to … destruction of firearms by a third-party destruction services provider.”
