This is a demographic and actuarial disaster born of the Western welfare states. It is unresolvable with the current paradigm. Anyone who thinks it will be solved by saving more or earning more, is fooling themselves. 

My advice? Run, don't walk, from this fiscal disaster while you can. Essentially, you need to gain control of your finances and wealth and key to this is removing as much tax burden as possible. You will never be able to do this within the Canadian tax system, as they will keep increasing taxes on you just as you earn or save enough. 

Move your bank accounts overseas. Re-arrange your affairs so that you are not filing in Canada. Canada is going to go through fiscal hell as the boomers try and loot as much as they can from the housing bubble, while immigrants keep coming in and claiming welfare: asset inflation plus higher taxes for the welfare state..