This account enables Canadians to make direct contributions to reduce the federal debt. Deposits to the Account are used to pay the interest and principal on the federal debt.
All donations are eligible for a charitable receipt at the same level as other registered charities.
Measurement of the federal debt as a percentage of Canada's gross domestic product . It is a measure of the debt in relation to the economy and of our capacity to carry and repay debt. Plan registered under the Income Tax Act into which an employer may make tax-deductible contributions, determined by reference to profits, on behalf of their employees. Payments from the plan received by employees are taxable . The amount by which government budgetary spending exceeds revenues in any given year.