S5: Canada Is Running Out of Money For You

The government says Canada’s debt is only 10% of the economy. Lowest in the G7.

The real number is closer to 111%.

The interest on the federal debt is now higher than all the GST collected from Canadians.
And within a few years, it’s projected to surpass federal healthcare transfers.

*In this episode, we cover:*
• How Canada reports 10% Debt-to-GDP and what’s left out
• Why total government debt puts the number closer to 111%
• How CPP and pension assets are used to reduce reported debt
• Why Canada’s global ranking drops significantly when measured properly
• The “credit card” cycle of deficits, borrowing, and rising interest
• Why interest costs are growing faster than key public spending

This isn’t just about government math.

It determines how much of your money goes to services — and how much goes to servicing debt.

More to interest — less back to you

🔗 *Links:*
1. *We Checked Carney’s Math. He’s Wrong:* https://theadvisorstable.com/episodes/we-checked-carneys-math-hes-wrong
2. *Instagram:* https://www.instagram.com/advisorstablepodcast/
3. *LinkedIn:* https://www.linkedin.com/company/the-advisors-table-podcast/