Canada’s debt position isn’t so enviable when you dig further into the numbers. Find out more.
, is almost $2.6 trillion at the end of 2023. In other words, the value of net assets held in the CPP and QPP explains more than a quarter of the difference between Canada’s gross and net debt.for existing and future retirees, so they couldn’t be used to offset government debt without compromising the two plans’ ability to provide benefits to retirees.of net debt excluding pension assets among G7 countries. By this measure, Canada has the second lowest net debt-to-GDP in the G7.
A better measure of Canada’s comparative indebtedness is to compare “gross general government debt” to GDP across countries. Gross debt, , includes “all liabilities that require future payment of interest and/or principal by the debtor to the creditor,” while general government includes all levels of government.
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