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1. The Lifetime Tax Burden for Canadians from Federal Debt Accumulation

   Federal debt has risen substantially during the COVID-19 pandemic and is projected to continue rising for the foreseeable future. Large deficits come with costs and Canadians will have to pay for our borrowing today through additional taxation ...

2. Caution Required When Comparing Canada’s Debt to that of Other Countries

   The federal government continues to rationalize its debt-financed spending based on international comparisons showing Canada with the lowest level of debt in the G7. Of the two broad measures of debt, gross debt includes most forms of debt while ...

3. Federal and Provincial Debt-Interest Costs for Canadians

   In recent years, deficit spending and growing government debt have become a trend for many Canadian governments. Like households, governments are required to pay interest on their debt. In aggregate, the provinces and federal government are ...

4. The Growing Debt Burden for Canadians: 2021 Edition

   Budget deficits and increasing debt have become serious fiscal challenges facing the federal and many provincial governments recently. Since 2007/08, combined federal and provincial net debt (inflation-adjusted) has doubled from $1.0 trillion to a ...

5. Canada’s Aging Population and Long-Term Projections for Federal Finances

   Canada’s fiscal challenges extend far beyond just the short-term impact of COVID-19. An aging population will continue to place upward pressure on federal finances and a new structural imbalance between revenues and spending means deficits and ...

6. Interest Costs and their Growing Burden on Canadians

   In recent years, deficit spending and growing government debt have become a trend for many Canadian governments. Like households, governments are required to pay interest on their debt. These interest payments consume resources that could have ...

7. Examining Federal Debt in Canada by Prime Ministers Since Confederation, 2020

   Canada’s 23 prime ministers have each left a legacy, and each of those legacies has an effect on all Canadians. One element critical to an analysis of each prime minister is whether he or she left the federal government more or less indebted than ...

8. The Growing Debt Burden for Canadians

   Budget deficits and increasing debt have become serious fiscal challenges facing the federal and many provincial governments today. Since 2007/08, combined federal and provincial nominal net debt has grown from $837.0 billion to a projected $1.5 ...

9. Federal Deficits Then and Now: Is Canada Repeating the Fiscal Mistakes of 1965 to 1995?

   From 1965 to 1995, the Canadian federal government repeatedly ran deficits, accumulating debt, a habit that culminated in the near crisis of the mid-1990s. After a period of reform beginning in 1995, Canada returned to deficits in 2008/09. While ...

10. Examining Federal Debt in Canada by Prime Ministers Since Confederation, 2019

    Canada’s 23 prime ministers have each left a legacy, and each of those legacies has an effect on all Canadians. One element critical to an analysis of each prime minister is whether he or she left the federal government more or less indebted than ...