"It's a trap!"
The government established private RRSP/RRIF accounts as the 'ideal' option of saving for our retirement that WE can control. Looking back more than ten years ago I realize that this is a cash cow scheme designed to generate a lot of tax revenue and make the banking industry a lot of cash in fees.
Most Canadians are financially illiterate or apathetic.
That is why I stopped contributing to my RRSP/RRIF and started buying gold and silver. As a result, my gold & Silver account has performed better than my RRSP/RRIF account to date.
!LADY