Befor the retirement you must decide for Your Retirement Expenses,Where Your Income Will Come From,Personal Goals for Retirement ,Plans for Maintaining a Healthy Lifestyle,How Much Insurance You will Carry,When to Apply for Social Security Benefits.

I've found that a Tax Free Savings Account (TFSA) is a great way to invest for long term savings.

people need to take the time to plan for retirement...
obviously you can't read into the future... but you can take the time to do some "what if" analysis...

What would you like to do for your retirement?
What about health issues?
Do you want to spend alot of money?
Do you plan on travelling?
Do you plan on gardening alot?
Do you plan on doing alot of hobbies?

What are the costs of these? This is a simple way to plan for retirement..

If you don't plan for retirement, you're going to have a lot of time on your hands with little or no money saved up

Thanks for the nice posting. I wanna to add some useful tips for retirement pension plan...A pension annuity pension annuity ratesAlso known as a retirement annuity, a pension annuity is used to provide a lifetime retirement income from the capital of a pension scheme. There are a number of options available and in the UK a pension annuity can include; income draw down, phased retirement, with profit and unit linked investment annuities. Please visit our pension annuity page for information on traditional pension annuity options or our investment annuity and impaired life pages for more information on the different types of pension annuity.

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well maybe so...

but are individuals going to be properly self funded by the age of 53?

People have to have money to live in Canada... otherwise the tax payer has to fund them.

Give way for the next generations. There is a huge list of unemployment every year and this can be reduced by retirement to
age above 53

As the population in Canada ages, more and more people are heading for retirement in the next 5-10 years.

Aside from the obvious money question, what else are you doing to plan for your retirement?
Trips & Vacations
Hobbies
Visiting family

What do you plan to do with all of your new found time?