Canada Is Running Out Of Money For You
How Canada's debt picture may look dramatically different depending on what's counted – and why rising interest costs could affect taxes, services, and future government spending
Show Notes
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 Solo, 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.
Senior Tax Manager · Tax Manager
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