About The Canadian National Debt

The Canadian Federal Government had been slowly reducing the national debt in recent years.  But current economic events may lead the government to begin spending more than it collects.  And the budget surplus of recent years may revert back to budget deficits like past years which created the almost unimaginable national debt of more than $500 Billion.  But what is the Real Canadian National Debt ?  Estimates* including unfunded liabilities peg the current debt at more than $1 trillion.  This is the legacy left to the children and grand children of Canada, a debt of $33,000 CAD for every man, woman and child.  For more information visit these links to learn and to find out what you can do:

Canadian Economy online:  http://www.canadianeconomy.gc.ca/english/economy/#top

Quick Stats for the Canadian Economy:   http://www.statcan.gc.ca/start-debut-eng.html

Data on the debt from the Canadian Bureau of Statistics Site: http://www40.statcan.gc.ca/l01/cst01/govt03a-eng.htm

How you can help from The Canadian Taxpayer Federation site: http://www.taxpayer.com/resource-centre/taxfacts

Histoical graph on the debt from fathersforlife.org site: http://fathersforlife.org/families/famtax.htm

Recent Articles

TheStar.com: The national debt will grow by $160 billion, economist says http://www.thestar.com/news/canada/article/691126