Here is a brief look at household debt for Canada

1. Household Debt –
Canada
P a u l Yo u n g C PA C G A
D a t e : M a r c h 1 5 , 2 0 1 9

2. Paul Young - Bio
• CPA, CGA (1996)
• Financial Solutions (FOPM/FPM)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Advance Technology and Market
Entry
• SME – Supply Chain Management
• SME – Business Strategy and
Restructuring
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
What is Household Debt?
Household Debt Ranking /
Countries
Canada Household Debt
2015 Election - Liberals –
Household Debt / Ralph Goodale
Solutions

4. What is
Household
Debt?
Source -
https://data.oecd.org/hha/househo
ld-debt.htm

5. Most indebted household debt countries
Source - https://data.oecd.org/hha/household-debt.htm

6. Canada
Household
debt
Source – RBC Economics and Stats
Canada

7. 2015 Election – Liberals – Household Debt
Source - https://www.macleans.ca/politics/for-the-record-
ralph-goodale-on-the-economy/
• Canada has record levels of household debt since the Liberals took office -
https://globalnews.ca/news/4762476/canada-household-debt-to-income-ratio/
• Retail sales have been sliding since 2017 - https://www.slideshare.net/paulyoungcga/retail-sales-canada-
december-2018 or http://strapagiel.com/retail-sales-analysis-Canada.html

8. Household
Debt
Solutions
• Liberals need to stop looking at ways to tax people, i.e. carbon
taxation -
https://business.financialpost.com/commodities/energy/ottawas-
carbon-tax-plan-to-shrink-economy-by-3-billion-hurt-loonie-in-
2018-study or https://business.financialpost.com/opinion/and-
heres-your-very-small-carbon-bill-canada “$650 to $1,000 (It could
be even higher)
• There are systemic issues with real estate that will not be fixed
with one off policy changes -
https://www.slideshare.net/paulyoungcga/real-estate-canada-and-
the-world-january-2019
• Government needs to stop introducing bad policies that drive out
FDI. https://www.slideshare.net/paulyoungcga/business-
competitivesness-canada-march-2019. Canada needs to support
good paying jobs!
• There needs to be rural strategy to entice people to live in rural
areas (reducing the cost of housing) -
https://www.slideshare.net/paulyoungcga/rural-affairs-
canadajanuary-2018
• Government needs to stop pushing renewables at all cost. Canada
has some of the highest electricity rates in the world -
https://www.slideshare.net/paulyoungcga/power-generatiion-all-
you-need-to-know