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You have several typos in your JSON literal.
I rewrote it like so (see here for the JSFiddle)
var config = {
type: 'bar',
data: {
labels: ["2000", "2001", "2002", "2003"],
datasets: [{
label: 'Test chart',
data: [20, 50, 10, 12],
backgroundColor: [
'rgba(255, 99, 132, 0.2)',
'rgba(54, 162, 235, 0.2)',
'rgba(255, 206, 86, 0.2)',
'rgba(75, 192, 192, 0.2)',
'rgba(153, 102, 255, 0.2)',
'rgba(255, 159, 64, 0.2)'
],
borderColor: [
'rgba(255,99,132,1)',
'rgba(54, 162, 235, 1)',
'rgba(255, 206, 86, 1)',
'rgba(75, 192, 192, 1)',
'rgba(153, 102, 255, 1)',
'rgba(255, 159, 64, 1)'
],
borderWidth: 1
}]
}
};
var ctx = document.getElementById("myGraph");
var debt = new Chart(ctx, config);
Source:stackexchange.com