The future is worry free unless one plans to have others take care of their portfolio. While the Government has collected billions of dollars in premiums, they don't have a cent set aside to cover payments to retired people. 1n time, it is expected the retirement plan will be watered down, taxed back or eliminated just like family allowance. The Government knows it will be unable to look after us. As a result they have provided the means for us to help ourselves.
All investments require time, wisdom and opportunity.
The tax advantages grant us this opportunity. The main advantage being the free use of money. In a tax shelter there is the availability of being able to use the money, or pay taxes. In 1995, property taxes and utilities cannot be paid with this retirement income. A gentleman retired from the Canadian Air Force, as an officer in 1980 after 30 years of service is unable to collect the same amount of retirement income as the rent from one average 2 bedroom apartment.