Canadian Debt Snapshot (2024–2025): The average Canadian household carries approximately $21,000 in non-mortgage consumer debt. Total household debt in Canada reached over $2.4 trillion in 2024, with credit card balances at record highs following consecutive interest rate hikes. (Sources: Equifax Canada, Statistics Canada) Last updated: October 2026 What Is a Debt Repayment Calculator? A debt...Continue reading