Budget Officer Says Liberals’ Gun Buyback Could Cost up to $756 Million

A gun owner holds a sign as they participate in a rally organized by the Canadian Coalition for Firearm Rights against the government's new gun regulations, on Parliament Hill in Ottawa, on Sept. 12, 2020. The Canadian Press/Justin Tang

OTTAWA—The parliamentary budget officer says it could cost the government $756 million to buy back guns now prohibited in the country, depending on how many there are in Canada and how the Liberals structure the program.

The high-end buyback figure is the budget officer’s estimate for how much it would cost for the government to buy back every gun that the industry estimates is owned across Canada.