02Start with the basics
A salary and a spending goal are enough to begin.
CPP and OAS are estimated automatically. A separate retirement spending target is set under Planning assumptions.
Add more details
Client name & other details
Additional income
Add the income sources this person receives.
Employer DC pension / locked-in savings
Salary & dividends from own corporation
Turn on the corporate pay-mix comparison below. These payments stop at retirement and belong only to Client 1.
TFSA Monthly savings & portfolio growth
Fixed monthly targets are active. Turn on to maximize both accounts using affordable surplus and available room.
Preview updates as you edit. Explore this plan applies linked settings to household cash flow, retirement withdrawals and strategy comparisons.
Open this panel to see the monthly savings projection.
Contribution rules & comparison assumptions
- Month-end deposits, monthly compounding; effective annual return is after fees. Returns are editable illustrations, not market forecasts. Portfolios can lose value.
- Accumulation runs to retirement or the household projection end, whichever is earlier. Retirement withdrawals appear in the household plan, separately from this savings illustration.
- Opening room is entered once. New room is $7,000 from 2027 onward, held constant until future limits are announced. Household TFSA withdrawals restore room next January; growth does not consume room.
- All comparison lines use the same opening dollars and allowed deposits. Non-registered interest is taxed annually; remaining price growth is taxed on a full sale using 50% gain inclusion; the savings and GIC benchmarks earn taxable interest, paid from the account each year. Cash under the mattress earns 0%. The GIC line assumes rolling investments at a constant editable rate, monthly effective compounding, and no early-redemption costs; it is not a specific GIC quote. RRSP comparison deducts tax on a full withdrawal. These are year-by-year liquidation sensitivities using that year’s projected income, not a retirement withdrawal schedule.
- Preview assumes deposits can be funded. Linked household results cap them to available surplus. “Maximize RRSP + TFSA” overrides monthly dollar targets and spreads funded registered contributions over 12 months. Other household surplus remains invested separately.
RRSP Monthly savings & portfolio growth
Fixed monthly targets are active. Turn on to maximize both accounts using affordable surplus and available room.
Preview updates as you edit. Explore this plan applies linked settings to household cash flow, retirement withdrawals and strategy comparisons.
Open this panel to see the monthly savings projection.
Contribution rules & comparison assumptions
- Month-end deposits, monthly compounding; effective annual return is after fees. Returns are editable illustrations, not market forecasts. Portfolios can lose value.
- Accumulation runs to retirement or the household projection end, whichever is earlier, or the end of age 71 if earlier. Retirement withdrawals appear in the household plan, separately from this savings illustration.
- New RRSP room uses 18% of prior-year earned income, the published annual cap and the prior pension adjustment. Current available room already includes this year’s eligibility. Withdrawals do not restore RRSP room.
- RRSP chart balances are before withdrawal tax. Contribution tax savings are shown separately and are not reinvested in this standalone illustration.
- All comparison lines use the same opening dollars and allowed deposits. Non-registered interest is taxed annually; remaining price growth is taxed on a full sale using 50% gain inclusion; the savings and GIC benchmarks earn taxable interest, paid from the account each year. Cash under the mattress earns 0%. The GIC line assumes rolling investments at a constant editable rate, monthly effective compounding, and no early-redemption costs; it is not a specific GIC quote. RRSP comparison deducts tax on a full withdrawal. These are year-by-year liquidation sensitivities using that year’s projected income, not a retirement withdrawal schedule.
- Preview assumes deposits can be funded. Linked household results cap them to available surplus. “Maximize RRSP + TFSA” overrides monthly dollar targets and spreads funded registered contributions over 12 months. Other household surplus remains invested separately.
Savings & investments
Use annual cash left after spending: RRSP first, including its tax savings, then TFSA, then non-registered savings. Uses available room and projected prior-year earned income. Existing investments are not sold to fund contributions.
Contribution plans, limits & cost basis
- Enter current available room from your own records; this year’s earned-income addition is already included in that figure.
- Fund the requested RRSP contribution first, then available TFSA room, then non-registered savings. Only actual surplus is invested; tax savings are counted once.
- Retirement drawdown follows the selected tested schedule and account owner order. RRIF minimums apply after conversion. Linked account panels supply their own returns and monthly deposits.
- Price growth is tax-deferred until a non-registered sale. Entered cash dividends and interest are additional income, not included in the price-growth return.
Existing personal life insurance
Simple level personal coverage, ending before the coverage-stop age. Premiums can stop earlier for a paid-up policy. This is not an illustration of policy cash value or borrowing.
CPP & OAS · estimated automatically
03Spouse / partner
Income and accounts stay in this person’s name.
Income
Add the income sources this person receives.
Employer DC pension / locked-in savings
TFSA Monthly savings & portfolio growth
Fixed monthly targets are active. Turn on to maximize both accounts using affordable surplus and available room.
Preview updates as you edit. Explore this plan applies linked settings to household cash flow, retirement withdrawals and strategy comparisons.
Open this panel to see the monthly savings projection.
Contribution rules & comparison assumptions
- Month-end deposits, monthly compounding; effective annual return is after fees. Returns are editable illustrations, not market forecasts. Portfolios can lose value.
- Accumulation runs to retirement or the household projection end, whichever is earlier. Retirement withdrawals appear in the household plan, separately from this savings illustration.
- Opening room is entered once. New room is $7,000 from 2027 onward, held constant until future limits are announced. Household TFSA withdrawals restore room next January; growth does not consume room.
- All comparison lines use the same opening dollars and allowed deposits. Non-registered interest is taxed annually; remaining price growth is taxed on a full sale using 50% gain inclusion; the savings and GIC benchmarks earn taxable interest, paid from the account each year. Cash under the mattress earns 0%. The GIC line assumes rolling investments at a constant editable rate, monthly effective compounding, and no early-redemption costs; it is not a specific GIC quote. RRSP comparison deducts tax on a full withdrawal. These are year-by-year liquidation sensitivities using that year’s projected income, not a retirement withdrawal schedule.
- Preview assumes deposits can be funded. Linked household results cap them to available surplus. “Maximize RRSP + TFSA” overrides monthly dollar targets and spreads funded registered contributions over 12 months. Other household surplus remains invested separately.
RRSP Monthly savings & portfolio growth
Fixed monthly targets are active. Turn on to maximize both accounts using affordable surplus and available room.
Preview updates as you edit. Explore this plan applies linked settings to household cash flow, retirement withdrawals and strategy comparisons.
Open this panel to see the monthly savings projection.
Contribution rules & comparison assumptions
- Month-end deposits, monthly compounding; effective annual return is after fees. Returns are editable illustrations, not market forecasts. Portfolios can lose value.
- Accumulation runs to retirement or the household projection end, whichever is earlier, or the end of age 71 if earlier. Retirement withdrawals appear in the household plan, separately from this savings illustration.
- New RRSP room uses 18% of prior-year earned income, the published annual cap and the prior pension adjustment. Current available room already includes this year’s eligibility. Withdrawals do not restore RRSP room.
- RRSP chart balances are before withdrawal tax. Contribution tax savings are shown separately and are not reinvested in this standalone illustration.
- All comparison lines use the same opening dollars and allowed deposits. Non-registered interest is taxed annually; remaining price growth is taxed on a full sale using 50% gain inclusion; the savings and GIC benchmarks earn taxable interest, paid from the account each year. Cash under the mattress earns 0%. The GIC line assumes rolling investments at a constant editable rate, monthly effective compounding, and no early-redemption costs; it is not a specific GIC quote. RRSP comparison deducts tax on a full withdrawal. These are year-by-year liquidation sensitivities using that year’s projected income, not a retirement withdrawal schedule.
- Preview assumes deposits can be funded. Linked household results cap them to available surplus. “Maximize RRSP + TFSA” overrides monthly dollar targets and spreads funded registered contributions over 12 months. Other household surplus remains invested separately.
Savings & registered-account room
Use annual cash left after spending: RRSP first, including its tax savings, then TFSA, then non-registered savings. Uses available room and projected prior-year earned income. Existing investments are not sold to fund contributions.
- Enter current available room from your own records; this year’s earned-income addition is already included in that figure.
- Fund the requested RRSP contribution first, then available TFSA room, then non-registered savings. Only actual surplus is invested; tax savings are counted once.
- Retirement drawdown follows the selected tested schedule and account owner order. RRIF minimums apply after conversion. Linked account panels supply their own returns and monthly deposits.
- Price growth is tax-deferred until a non-registered sale. Entered cash dividends and interest are additional income, not included in the price-growth return.
Existing personal life insurance
Simple level personal coverage, ending before the coverage-stop age. Premiums can stop earlier for a paid-up policy. This is not an illustration of policy cash value or borrowing.
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