Commentary
When I was settling into the workforce in the early 1990s, the unfunded liabilities within pension plans including the CPP were the topic of the day. We were told that we would not necessarily be able to rely on pension plans to fund our retirement and the best things we could do was to take out personal RRSPs along with purchasing and paying off a house as soon as possible. That’s exactly what many of us did and now the federal government is considering taking a bite out of the home equity we worked so hard to build.
