“Nine cents of every tax dollar going to pay interest”

The Fraser Institute, a Conservative think tank, says it sees no end to Ontario’s growing debt and it estimates that nine cents of every tax dollar collected goes to pay interest on the $300 billion owing. Fraser says that between 2003/04 and 2015/16. Ontario’s debt level increased more than any other province. Per capita debt has now reached about $21,000 for every man, woman and child.