Good and bad debt

Canadians today are carrying more debt than previous generations. Some debt is good debt. Other debt is bad. Then there is ugly debt.
 
Good debt
Good debt helps you to purchase a home or a vehicle or investments. Business loans and education loans that help you increase your income are good, too. The majority of Canadian debt is good debt.
Of course, you should have a strategy to repay even good loans in full — either during the life of the asset or by the time you retire.
Unfortunat