May 8, 2020

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This calculator is for general information purposes only. There are assumptions used to simplify the calculation for ease of use. In particular, we assume a 30% average income tax, all cash available for survivors is assumed to be after tax, and an education fund is included using the average Canadian 4-year university cost. If the age of the insurance policy beneficiary (spouse) is less than 65, the retirement age is assumed to be 65. Otherwise, the retirement age for the beneficiary is assumed to be their age plus 1. Protection for children is until the youngest reaches age 25. For a more customized and detailed analysis of your financial needs, please speak with your financial advisor.

Mutual funds, approved exempt market products and/or exchange traded funds are offered through Investia Financial Services Inc.

The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances. This blog was prepared by Jason Desaulniers who is a Investment Funds Advisor at Excalibur Executive Planning Inc., a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc. The information contained in this presentation comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability.