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That's a good question. According the the Monarchist League and the feds, the royals are costing each Canadian a paltry $1.63 each. That's staff salaries, bldg maintenance, office operating expenses, etc. That's your $50 million - $1.63 x 37.6 million, which is actually closer to 61 million annually, but hey, it's not like the politicians themselves are paying the bill!

I do not believe that this is a correct figure. We have a GG and 10 Lieutenant Governors - one for each of the provinces. I do not believe that this takes in the real estate. The 1.63 cost includes maintenance, but what are the values of the official residences, offices and land?

Like the CBC, who syphon off almost 1.4 billion dollars of our tax money every year, the buildings and real estate are worth a lot of money. The Monarchist League argues that we would keep all the CBC (and royal) buildings and real estate. A few perhaps, but most would be sold off. Many of these places are prime real estate. If they were sold off, sales would generate 100s of millions of dollars. Perhaps more.

This recovered money from the CBC, and the savings from not supporting the royals, would go a long way towards better education, health care, and other things that Canadians have to deal with. Like the expenses that resulted from COVID-19 for example.

Whether it's the CBC or the royals, the debates continue. The Monarchist League is losing their argument. Support for the Queen and the royal family continues to erode. The percentage of people who don't care for the monarchy fluctuates, but continues a downward spiral. These are a couple of recent polls.

From Wiki:

A 2005 poll by The Strategic Counsel reported Canadians to be uncertain "about the legitimacy and role of the British monarchy remaining as Canada's head of state". The poll found an equal number—47% supporting and 47% opposed—to retention of the "British monarchy".[73] Two years later, Angus Reid Strategies reported that 53% of respondents to its survey felt "Canada should end its formal ties to the British monarchy", while 35% thought the contrary and 12% were unsure.[74] Angus Reid stated in March 2008 the majority of those it polled believe "it is time to end the country's official relationship with either the British monarchy or the monarchy."[75]

Also in May 2010, an online poll by Leger Marketing for QMI Agency found that a majority (59%) of Canadians said that they had little or no interest in the Queen's visit to Canada, while 39% did. The poll found that 32% of 18- to 34-year-olds had an attachment to the crown. In the 65-and-over group, 46% reported an attachment. One fifth of Canadians said the Queen should stay home, and that furthermore, "Canada should sever its ties with the British Crown".[3]

Wiki - Support for royals in Canuckia