Federal Debt Charges Cost Each Canadian $1,400 a Year, Taxpayer Group Says

By The Epoch Times May 9, 2026
Canadians are each effectively paying $1,400 this year to cover federal debt interest charges, a taxpayer advocacy group says, as it urges Ottawa to rein in spending. The estimate, which refers specifically to public debt servicing costs rather than an actual bill Canadians pay directly, is based on a recent report from the Office of the Parliamentary Budget Officer.
Federal Debt Charges Cost Each Canadian $1,400 a Year, Taxpayer Group Says

Federal Debt Charges Cost Each Canadian $1,400 a Year, Taxpayer Group Says A taxpayer advocacy group estimates that each Canadian is effectively paying $1,400 this year to cover federal debt interest charges. This estimate is based on a report from the Office of the Parliamentary Budget Officer, which projects rising interest costs. The report indicates that interest on public debt is expected to increase as a percentage of federal revenues over the next several years.

  • Canadians are effectively paying $1,400 each this year for federal debt interest charges.
  • This estimate comes from a taxpayer advocacy group using data from the Parliamentary Budget Officer.
  • The report projects a continued rise in interest costs as a share of federal revenues.
  • Public debt charges are expected to increase from 10.6% to 13.2% of federal revenues between 2025–26 and 2030–31.

Looking for comments…

Searching Nostr relays. This may take a moment the first time this article is opened.