Government debt ranges between $47,300 and $65,200 per Canadian depending on the province by the end of 2021. When you add up all provincial and federal debt, each Canadian will owe $57,500 on average. Debt interest charges will cost between $1,100 and $2,400 per person this year. Photograph By sharply done/E+/GettyImages The Canadian Taxpayers Federation has released its 2021 Canada Day Debt Report showing how much each Canadian owes in provincial and federal government debt. “Governments have been borrowing too much money for too long and now they need to start addressing the red ink before taxpayers get clobbered,” said Franco Terrazzano, the Federal Director for the CTF. “Canadians don’t have tens of thousands of dollars lying around to pay for this mountain of government debt, and that’s why it’s so important for politicians to find savings like everyone else.”
$57,500 in government debt for each of us: Canada Day Debt Report
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You Owe $47,300
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