Non-mortgage debt increased most in Quebec, rising 2.03 per cent to $19,833, followed by Ontario at 1.91 per cent to $24,406. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. It broke the $100 billion mark in 1981 and the $200 billion mark in 1985. Canada can’t reach its full economic potential if Alberta doesn’t reach its full economic potential.”. The current deficit for the 2020-2021 fiscal year alone is forecast at more than $24 billion. Other provinces are net negative contributors — they get more back in federal programs and transfers than they give in taxes. “We Albertans will not lose our heads, we are practical people, we are not unreasonable people. If you don't see it please check your junk folder. We ask you to keep your comments relevant and respectful. Prentice’s 10-year fiscal recovery plan included putting an end to Alberta’ flat income-tax rate, raising taxes on Albertans who earn over $50,000 a year and hiking gasoline taxes. "Adjusting for population growth, non-mortgage debt did not even keep pace with inflation in the last half of 2019. The nearly $240B Albertans have paid out as part of net federal fiscal transfers is more than one-and-a-half times as much as B.C. It decreased 1.46 per cent to $29,076 in Alberta and fell 1.12 per cent to $24,789 in Saskatchewan. How the statistics were gathered changed 11 years ago and so Statistics Canada does not have comparable numbers before that. For example, the Province of Ontario owes C$348.8 billion outstanding and some of that debt is denominated in foreign currencies. Sign up for our weekly email newsletter delving into climate science and life on a changing planet. Download the CTV News app now. The numbers from Statistics Canada show that Alberta’s $240 billion comes to about $5,000 a year — for 11 years — for Alberta’s taxpayers. Each province of Canada raises its own debt through debt instruments. Eisen said he hoped the data would “promote a sense of cooperation and help Canadians from coast to coast understand how big Alberta’s contribution to everyone’s wellbeing is.”. Alberta Employment Tax Credit increases 10 per cent to save a middle-income family with two kids $316 a year. Read more about cookies here. “Far more tax revenue comes to Ottawa from Albertans than what comes back to Alberta in terms of federal services and transfers.”. Trevor Tombe, an associate professor from the department of economics at the University of Calgary, said the results were not surprising. In just 11 years, Albertans have paid out almost $240 billion to the rest of Canada. Mortgage delinquency rates were at 0.18 per cent at the end of 2019, the highest fourth-quarter level since 2016 but low in historical terms. How Alberta pays Quebec’s bills: Four charts that show Alberta picks up the tab The nearly $240B Albertans have paid out as part of net federal fiscal transfers is …

The report says Alberta’s debt burden could double this year from around 30 per cent of revenues to 60 per cent if the province continues to invest heavily in infrastructure. When the NDP took over in 2015, Alberta’s debt totalled $11.9-billion. $22.2 billion – 2007 $22.5 billion – 2008 $17.7 billion – 2009$16.6 billion – 2010$17.9 billion – 2011 $19.2 billion – 2012 $23.5 billion – 2013 $27.1  billion – 2014 $24.8 billion – 2015 $16.0 billion – 2016 $15.3 billion – 2017 $17.2 billion – 2018, $6.6 billion – 2007 $4.4 billion – 2008 $935 million – 2009 -$1.8 billion – 2010 $1.4 billion – 2011 $3.2 billion – 2012 $3.2 billion – 2013 $4.7 billion – 2014 $6.1 billion – 2015 $7.2 billion – 2016 $8.5 billion – 2017 $10.2 billion – 2018, $116 million – 2007 $187 million – 2009 $62 million – 2010, $18.2 billion – 2007 $9.1   billion – 2008 -$2.5 billion – 2009 -$10.8 billion – 2010 -$991 million – 2011 $1.3  billion – 2012 $2.5  billion – 2013 $8.9  billion – 2014 $13.5 billion – 2015 $16.3 billion – 2016 $20.7 billion – 2017 $21.7 billion – 2018, None in 2007 and 2008 $285 million – 2009 $851 million – 2010 $2.0 billion – 2011 $3.0 billion – 201 $3.2 billion – 2013 $2.3 billion – 2014 $2.3 billion – 2015 $2.3 billion – 2016 $1.4 billion – 2017 $968 million – 2018, -$7.0 billion – 2007 -$13.0 billion – 2008 -$16.3 billion – 2009 -$18.5 billion – 2010 -$15.8 billion – 2011 -$14.8 billion – 2012 -$14.7 billion – 2013 -$15.0 billion – 2014 -$14.0 billion – 2015 -$14.3 billion – 2016 -$15.1 billion – 2017 -$12.9 billion – 2018, $6.8 billion – 2007 $8.1 billion – 2008 $8.4 billion – 2009 $8.8 billion – 2010 $8.7 billion – 2011 $7.8 billion – 2012 $7.8 billion – 2013 $9.0 billion – 2014 $9.6 billion – 2015 $9.8 billion – 2016 $11.0 billion – 2017 $11.8 billion – 2018, -$5.1 billion – 2007 -$6.0 billion – 2008 -$6.2 billion – 2009 -$6.5 billion – 2010 -$6.5 billion – 2011 -$6.8 billion – 2012 -$6.6 billion – 2013 -$6.3 billion – 2014 -$6.5 billion – 2015 -$6.4 billion – 2016 -$6.7 billion – 2017 -$7.1 billion – 2018, $1.4 billion – 2007 $1.5 billion – 2008 $1.5 billion – 2009 $1.4 billion – 2010 $1.5 billion – 2011 $1.6 billion – 2012 $1.8 billion – 2013 $1.8 billion – 2014 $1.8 billion – 2015 $1.8 billion – 2016 $1.8 billion – 2017 $1.9 billion – 2018, -$3.7 billion – 2007 -$3.9 billion – 2008 -$4.4 billion – 2009 -$4.8 billion – 2010 -$4.7 billion – 2011 -$4.5 billion – 2012 -$4.4 billion – 2013 -$4.3 billion – 2014 -$4.5 billion – 2015 -$4.6 billion – 2016 -$4.8 billion – 2017 -$4.9 billion – 2018, $1.5 billion – 2007 $1.6 billion – 2008 $1.7 billion – 2009 $1.7 billion – 2010 $1.7 billion – 2011 $1.6 billion – 2012 $1.6 billion – 2013 $1.6 billion – 2014 $1.7 billion – 2015 $1.7 billion – 2016 $1.7 billion – 2017 $1.9 billion – 2018, -$4.0 billion – 2007 -$4.6 billion – 2008 -$4.9 billion – 2009 -$5.3 billion – 2010 -$4.9 billion – 2011 -$4.5 billion – 2012 -$4.0 billion – 2013 -$3.6 billion – 2014 -$3.6 billion – 2015 -$4.0 billion – 2016 -$4.4 billion – 2017 -$4.6 billion – 2018, $1.8 billion – 2007 $2.1 billion – 2008 $2.1 billion – 2009 $2.1 billion – 2010 $2.0 billion – 2011 $1.9 billion – 2012 $1.8 billion – 2013 $1.8 billion – 2014 $1.7 billion – 2015 $1.7 billion – 2016 $1.8 billion – 2017 $2.0 billion – 2018, -$2.3billion – 2007 -$1.7 billion – 2008 -$2.6 billion – 2009 -$2.6 billion – 2010 -$1.9 billion – 2011 -$1.7 billion – 2012 -$1.2 billion – 2013 -$1.1 billion – 2014 -$1.2 billion – 2015 -$1.4 billion – 2016 -$1.5.



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