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Is the push on for privatizing our water?

It looks like it.

(Quip)
Federal governments are not rushing to fix the infrastructure and municipalities lack the means to do so. “As a result, governments are now much more open to the notion of privatizing their water infrastructure which, in turn, is providing a substantial boost to the private water industry,” Mr. Tal said.
“What we are witnessing here is a trend that is profoundly modifying water as an investment theme throughout the world.” Link

The thing is, if everything gets privatized, what exactly are tax dollars being spent on? Or can Canadians look for major tax breaks?