Did you envision a peaceful and secure retirement? Unless you have saved significant amounts in RRSPs, it will be very hard to achieve your goal.
Since 2010, the various levels of government have adopted underhanded measures which substantially reduce our retirement income. We will clearly demonstrate how retirement income is decreasing while the cost of living continues to increase. According to a study conducted by the CSN Labour Relations Service, in the worst case scenario, the reduction in amounts available at the time of retirement could total more than $8,000 per year, a 21% decrease.
Here are two examples that show what your retirement income could be before and after legislative changes: