General

Canadians owe government $25 billion

Overdue taxes amount to more than half of national deficit

For those individuals and businesses who still owe taxes to the government, the total sum now owed is $25 billion—a figure which could cut the national deficit in half if collected. That amount represents an increase of more than 35 per cent over the total owing five years ago, the Ottawa Citizen reports. A spokesperson for the Canada Revenue Agency emphasized that the sum is a “snapshot” that reflects debt accumulated over several years.

Ottawa Citizen

Looking for more?

Get the best of Maclean's sent straight to your inbox. Sign up for news, commentary and analysis.

FILED UNDER: