Most Canadians are already de-facto slaves to a bank, credit company or a combination of the two. Sure you can quit your job but you will get another one lest the person who owns your debt take away your home and anything of value that your own. This leaves you visibly poor and potentially homeless which is a "crime" in Canada. You wont be charged with "being homeless" but you will be harassed, assaulted and arrested until you can find somewhere to hide or die.

Kinda sounds like slavery, particularly when you consider that household debt is now greater than the GDP, collectively we owe more than we produce.