A phrase used by Canadians to indicate that the
person being addressed is in deep trouble. Usually (but not always) it is the
person uttering the phrase who is offering trouble to
the one being addressed.
1)
Joe: "Hey, I broke your favourite autographed hockey stick; sorry..."
Wayne: "Oh, you're
toast, eh!"
2) Wayne (at the bar): "Damn, is it 3am already? I promised my wife I'd be back by 11!"
Joe: "Oh, you're toast!"