Canadian Debt Clock June 2025

Canadian Debt Clock

The Current Outstanding Public Debt of Canada is approximately:


$1,463,370,000,000 CDN

Last Updated: May 8th, 2025


Every man, woman and child in Canada (Canada currently has a population of around 41.53 million people) currently owes $35,237.58 for their share of Canada's public debt



Q. How much does the Canadian government spend each year to service its debt?

A. In 2024-25 (to give you an example), the federal government in Canada spent $46.54 billion dollars to service its debt.

The Canadian government spent 1.52% of the GDP of the nation to service its debt in 2024-25.

The Canadian government spent 10.4% of its budgetary revenues on public debt charges in 2024-25. This sounds like a lot until you consider that this number was 37.6% in 1990-91.

Q. Who does Canada Owe Money To?

A. Here is a breakdown of the largest holders of Canadian debt:

Canadian Financial Insitutions and Individuals, 56.5%
Foreign Investors, 29%
Bank of Canada, 14.5%

Q. Has the amount of federal debt been decreasing over the past number of years?

A. No. Since the "Great Recession" of 2008, the Canadian government has been steadily adding to its debt load, much like the rest of the world.

Q. What is the difference between debt and deficits?

A. Debt vs deficits.

Q. Why does the United States owe so much more than Canada ($36 trillion dollars vs $1.46+ trillion)?

A. This is an unfair comparison when you consider that the U.S. economy is approximately 10 times larger than the Canadian economy.

It's a much fairer comparison to compare the "per capita" (per person) amount owed.

Each Canadian currently owes approximately $35,237.58 as their share of the Canadian national debt.

Each American currently owes approximately $106,490.60 as their share of the US national debt.

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