Our Government Lied: They Told Us to Save for Retirement

Now They’re the Ones Spending It! Why Thousands of Canadian Seniors Are Quietly Leaving the Old System Behind. They told us to save for the future. They told us that pensions and interest would take care of us. They told us we’d be fine.

But here we are after decades of hard work and taxes, watching the things we were promised slowly vanish.

Pensions that don’t keep up with inflation. Savings accounts that lose value year after year. GICs from major banks that pay less than 3%, while grocery prices soar.

For many seniors, it’s no longer about disappointment, it’s about survival.

That’s why something unexpected is happening across the country. Older Canadians are moving their money; not into riskier investments, but into smarter, safer options.

One of the biggest shifts? A growing number of retirees are choosing Wealthsimple, a digital bank offering up to 5.55% on CDIC-insured GIC investments. That’s a guaranteed return, backed by the government, with no strings attached and well above what many traditional banks are offering.

“It’s not that I don’t trust the country,” says Marlene, a 69-year-old retiree from Alberta. “I just trust my experience more.”

This isn’t about politics. It’s about peace of mind.

And for those who want to see for themselves, the rates and protections are clearly laid out at Wealthsimple’s investment page. No commitments, just information.

There might be limited time to lock-in these rates. Thousands of seniors have already made the switch and they’re finally seeing the results.