Canada Is Running Out of Money For You

Solo 21The government says Canada’s debt is only 10% of the economy — one of the lowest levels in the G7.The real number may be much higher.Interest costs on the federal debt are now exceeding the amount collected through GST, and within a few years are projected to surpass federal healthcare transfers.In this episode, we cover:• How Canada reports a 10% Debt-to-GDP ratio — and what’s excluded from that figure• Why total government debt can produce a much higher number• How CPP and pension assets affect the way debt is reported• Why Canada’s global ranking changes depending on the methodology used• The cycle of deficits, borrowing, and rising interest costs• Why debt servicing costs are growing faster than major areas of public spendingThis isn’t just about government accounting.It affects future taxes, public services, and how much government revenue is available for priorities other than debt payments.Links:📋 For the full episode breakdown and additional tax resources, visit:🌐 theadvisorstable.com📞 Looking for Trusted Tax Advice?Connect with Sankalp (Sunny) Jaggi at Cedar Consulting Group📧 [email protected]🌐 cedargroup.ca🔔 Subscribe for real-world tax, policy, and financial planning insights.👇 Comment below: Do you trust the way governments communicate debt and deficit numbers?LEGAL DISCLAIMER: This video is based on publicly available information and is intended for educational purposes only. It does not constitute tax, legal, accounting, or financial advice. Always consult a qualified professional regarding your specific circumstances.#TheAdvisorsTable #CanadaDebt #CanadianTax #FiscalPolicy #DebtToGDP #GovernmentSpending #EconomicPolicy #TaxPlanning00:00 – Introduction: GST vs Interest Shock00:33 – Government Claims vs Reality (10% Debt Myth)00:58 – G7 Comparison Explained01:25 – Why Canada Looks “Best” Every Year01:45 – Real Debt Numbers Breakdown02:04 – Total Debt Calculation (111%)02:28 – How Government Reporting Works02:53 – Pension Funds Adjustment Explained03:25 – Global Ranking Reality Check04:29 – Deficit and Spending Challenges04:56 – Rising Interest Burden05:24 – Taxes Up but Still Not Enough05:56 – Interest vs Healthcare Spending06:38 – Real Impact on Public Services07:03 – Changing Definitions of “Balanced Budget”07:59 – What This Means for You08:25 – Final Takeaway