Un-funded pension liabilities are one of the most under reported stories in the Western World. The reality? Many people expecting to access private and public pension in retirement are in for a shock.

No one even questions the new tax on assets (on real estate), or even whether the Government even needs the money. The assumption is Canada needs every cent it can collect, despite blatant innefficiency and waste like the $910 Billion Phoenix Pay System. Or the Auditor Generals Report tabulation between 1988- 2013  of 614 failed programs costing between 157-197 bilion of your tax dollars. 

Depsite their constant grandstanding and promises to make housing more affordable, yesterday a CD Howe report made it crystal clear that Government happens to be the worst offender Nationwide, adding total of $644,000 to a Vancouver home. Mike with more…..