future generations: Most provinces' debts are also growing, according to CTV. Ontario now owes 322 billion, Quebec owes 188 billion and Alberta owes more than 51 billion. The federal debt has ballooned to 666 billion which translates to 18,030 per person, according to the Canadian Taxpayers Federation. But the C.D. Howe Institute's new research shows that burden isn't shared equally between the generations. The projected lifetime fiscal burdens of the youngest generation born since 2005 and future generations are very high higher than those of any other generations, especially those born from the mid-1950s to the 1990s, Mahboubi found. To conduct the research, Senior Policy Analyst Parisa Mahboubi examined current and future net revenues, as well as spending, net debt, and expected demographic changes like an aging population. (www.immigrantscanada.com). As reported in the news.
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