In 2007, 2009, 2010 and then again in 2011, the Certified General Accountants Association of Canada (CGA-Canada) set out to analyse the level of debt of Canadians, and to understand the extent to which the financial crisis and economic downturn worsened the financial situation of households, and whether the current state of economic recovery have eased the financial stress. [...] Moreover, the research aimed to analyze the level of debt of Canadians and the prospective risks associated with the rising level of the debt burden. [...] Page 19 and 2010 CGA-Canada again embarked on the topic of household indebtedness seeking to understand the extent to which the financial crisis and economic downturn worsened the financial situation of households.2 At present, the topic of household indebtedness is considered a critical area given the recent economic downturn and continuing elements of uncertainty The debt burden is in the Canadi [...] The importance of this issue is underscored not only by the deteriorating situation within the household borne by each sectors but also by the importance of household spending and finances for the household individually Canadian economy and the stability of the financial system. [...] To better understand the dynamic of household indebtedness, the analysis considers the evolution of household debt during the period of the recent financial instability and recession (i.e.