https://www.ctvnews.ca/northern-ontario/article/facing-300-tax-hike-northern-ont-community-to-dissolve-aug-1/

"...
The Township of Fauquier-Strickland announced Tuesday that it can no longer financially carry on and will cease municipal operations by Aug. 1.
Heavily in debt andlooking at a 300 per cent tax increase, the Township of Fauquier-Strickland has instead voted to end all municipal operations and layoff all staff effective Aug. 1.
The community, which is northwest of Timmins and has just more than 400 residents, has accuмulated more than $2.5 million in operating debt in the last decade,..."


*****
I think it is fair to say that generally speaking, 95% of our provinces are very much in debt. And if you add the Federal gov't debt, it is hopeless.: $3 Trillion. 
Manitoba can't even afford to keep the lights on, yet they produce much electricity...Bad management, corrupt politicians, greed, abuse, you name it.
Justin Trudeau put this country in a huge nosedive in 2021, debtwise: He kept saying: 'That was the smart thing to do!'
Now towns are collapsing. 
In Quebec  500 stores have shut down in the last 2 years, and unemployment nationwide is 6.1%.  .Doesn't look bright. God help us+