The last long-term economic report, released under the Stephen Harper government in 2014, predicted Canada would eliminate its national debt within 25 years.

Despite the large economic drain of baby boomers retiring from the workforce and utilizing expensive social services like health care and Old Age Security, the Harper government had a plan to deliver balanced budgets.

It also planned to pay off the federal debt and, much like Ralph Klein’s Alberta in the 2000s, become debt free after 2035.
http://www.torontosun.com/2017/01/04/trudeau-will-bury-us-in-debt?