June 24, 2020

Author: The Link Between

The age-old question when planning for retirement is ‘how much do I need to save’. This calculator asks you how much annual income you’d like in retirement and for how long and gives you an idea of how much capital you’ll need to save before retirement to make your dream a reality.

Check out the calculator today.

** please note

Assumptions
The annual income is paid at the beginning of the year. Calculations use marginal tax rates as of January 2021. Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. The taxes on the rate of return are calculated using these marginal tax rates: 29.65% for Interest, 14.83% for Eligible Dividends and 6.39% for Capital Gains.
 

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.