Just some context for my venting. I paid ~230K$ in taxes last year. I have been employed by 6 different private companies over a 36 year career and have accumulated only 565K$ in RRSP/DC/LIRA's. Using annuity tables this would buy me ~28K$/yr pension. Now if I could save more on a deferred basis, at my own cost, I would. But no I have to pay very high taxes that go to fund public sector pensions I could only dream of (using the 2% best 5 years rules the government would need to sock away in excess of 2.5M$ to cover someone in the public sector with avg income of ~180K$/yr). So a little frustrating Bill!