According
to the Bank, corporate Canada's
overall debt -
to -
equity ratio — under 0.9, down from 1.5 in the mid-1990s — is at a historic low, the result of two decades of private - sector deleveraging.
Your
overall debt -
to - income
ratio should be no more than 41
to 43 percent of your gross monthly income for most lenders; so if you're still paying for a home
equity loan, a car loan, credit card
debt or other
debt in retirement, it can be tough
to meet that hurdle without including the income earned on your retirement investments.