Personally I prefer increasing TFSA contribution room, like the one suggested below, to increasing either CPP or RRSP contribution rooms to 34%.
http://www.financialpost.com/personal-finance/your-money/branch-investments/story.html?id=1851202
Simply put, I would rather have my nest egg tax
sheltered and take the money out tax
free like TFSA, instead of tax
deferred like RRSP/DC plan/Group RRSP, in which the governments will take their cut and force you to take out the min payment
no matter what once the RRSP convert to RRIF.
WRT increasing contribution to CPP, CPP works just fine based on current, sound contributions rate, management
and actuarial assumptions. There is no need to demand Canadians to dole out additional contribution to what is essentially a super size indexed annuity, back by the federal government.
The last thing I want is being forced to contribute more of my hard earn money to CPP, while the federal government is essentially betting and hoping I am not healthy enough to be around, keep collecting or in their eyes depleting the CPP up to the ripe old age of 100.
Having said that, I am all for CPP and it's indispensable to maintain min. standard of living,
NOT replacing your nest eggs like the leftie politicians and their unions try very hard to do so. Individuals must take the responsibilities to fund their
bulk of nest eggs too.