Canada has the fifth-highest level of total government debt among 29 industrialized countries.
federal deficits
July 15, 2021
8:48AM
Due to federal tax changes, 61 per cent of low-income families face higher personal income taxes.
May 26, 2021
12:12PM
Many economists warn about ballooning budget deficits and the potential for higher interest rates in the future.
April 12, 2021
12:03PM
Interest payments on the federal debt are expected to equal $20.2 billion in 2020/21.
February 16, 2021
2:23PM
This year's federal budget deficit will reach a projected $381 billion.
February 10, 2021
11:36AM
Ottawa annually pocketed $22 billion more in revenue from Alberta than it spent in the province.
January 27, 2021
9:11AM
A one percentage point increase in the effective interest rate would increase Ottawa's annual debt interest costs by $13.8 billion.
January 20, 2021
11:55AM
The Trudeau government will run a record budget deficit approaching $400 billion.
January 19, 2021
9:58AM
The Liberals ran three years of deficits totalling $51.9 billion, more than double the amount promised during the campaign.
January 13, 2021
9:25AM
Ottawa expects the federal deficit to reach $381.6 billion in 2020/21.