Budget

Where is my money going?

Analyzing your budget is crucial ! It helps you pinpoint areas where you need to control spending in order to meet your financial goals .

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The Longevity Game

How long you have already lived is one of the best predictors of how long you may live.

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Life Insurance

How much life insurance coverage should I have?

Ready to analyze your current situation? The following exercise will help you determine how much coverage you need to provide your heirs with a given level of income.

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Saving Up For Something Special

How much do I need to save?

The following exercise will help you determine how much you should set aside every month .

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Retirement

How much money do I need to retire?

The following exercise will show you how much income you can expect at retirement, and what you can do today to retire more comfortably.

It will also provide information on the risks associated with your expected rate of return, and suggest ways of allocating assets to help you meet your financial goals.

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Disability Insurance

How much disability coverage should I have?

Analyze your current situation to protect your family and your assets. This exercise will help determine if there’s a discrepancy between the income you need and the income you’d receive with your existing disability coverage.

This simulator is for self-employed workers and salaried employees with no group insurance.

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Health Insurance

How much coverage should I have in the event of a critical illness?

The following exercise will help you estimate the income you could lose if you became critically ill, as well as additional expenses for home care, vehicle and home modifications, and so on.

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Personal Balance Sheet

What is my net worth?

Ready to calculate your current net worth? Knowing your Net worth will help you meet your financial goals. It’s the first and essential step in planning your financial security.

Analyzing your personal balance sheet can help maximize your net worth.

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Marginal Tax Rate

What is my tax bracket?

The following exercise will give you an idea of how much tax you owe to the federal and provincial governments for a given year. Your marginal effective tax rate, calculated based on the taxable income entered, will also be shown.

You will also find this rate useful when using other simulators. Note how much investment-related costs are reduced when tax-sheltered vehicles are used.

Your tax rate will be automatically transferred into the right boxes of other calculators, as required .

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Tax Savings - RRSPs

The following exercise will give you an idea of the tax savings provided by RRSPs, as well as your total net savings at retirement.
- This calculation includes: Tax savings
- Value of RRSP at retirement

If you have an RRSP, enter the current value to get an idea of the amount you’ll have saved by retirement (in today’s dollars), based on current value and future contributions.

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RESP Calculator

Establishing a Registered Education Savings Plan (RESP) and making monthly contributions is the most convenient and tax effective way to ensure you have funds available to help pay for the post-secondary education your children will need to pursue successful careers in their chosen fields.

The RESP Calculator will help you develop an effective savings plan to make your children's future education goals a reality.

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RRSP Calculator

Use this calculator to determine how much you need to contribute to your RRSP to achieve your retirement goals.

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RRSP Illustrator

By providing a few details on your future investing plans, this tool can help illustrate the advantages of tax sheltered growth of a registered plan (RRSP) compared to the taxable growth of a non-registered plan.

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