Financial Calculators

Following is a list of some free tools available to help with financial or retirement calculations. Please contact me for a financial review which will help you pull together the information. What can be more important than the rest of your life? Contact Joanne David BA CFP FCSI

Life Expectancy Calculator An important consideration towards knowing if you will outlive your financial retirement resources.

Retirement Savings Calculator A snapshot of your current and future financial retirement resources (both private, company, and Canada pensions) and if they will meet your future needs at your desired age of retirement.

RRSP Calculator This calculator can help with how much you will need to save between now and the day you retire.

RRIF LIF LRIF Illustrator This calculator helps you to understand growth and future registered plan income.

Net Worth Calculator Calculate a snapshot of your short and long-term and property assets and liabilities.

Education Goals This calculator helps you to determine education and other goals related to your child’s future.

Personal Cash Flow Calculator Sometimes we all wonder, “where does the money go?” To get a better idea of where you spend your money monthly or annually, enter your information in the categories below. It may be helpful to have your bank account, credit card, loan and other statements available to make filling in your income and expenses easier.

Retirement Savings Calculator This tool will show you how your retirement assets and pension income will work together to reach your retirement goals.

Investment Growth Calculator This calculator will show your investment growth over time.

RRSP Illustrator This calculator will help you to understand the tax benefits you will gain from investing in your RRSP.

RIF/LIF Illustrator This calculator will demonstrate your retirement income withdrawals from your RRIF or LIF account.

RRSP Loan Planner This calculator will show how an RRSP loan could help boost your income at retirement.

Registered/Non-Registered Comparison Weigh the benefits of registered versus non-registered growth. This calculator can also be used to illustrate the advantages of a Tax-Free Savings Account (TFSA) over a regular, non-registered account.

Advantage of Early Investing Regular investing early can have a dramatic impact on your long-term bottom line.

Investment & Regular Deposit Visualize how your one time investment or regular deposits can grow over the long-term into retirement.

Investment & Regular Withdrawal Calculate how your regular non registered investment could generate a future income stream during retirement.

RESP Calculator This calculator will help determine the advantage of saving for your children’s education, and taking advantage of the additional Canada Education Savings Grant (CESG).

Mortgage Qualifier This calculator will assist you to understand if you qualify for a mortgage, and what your monthly payments would be.

Mortgage Amortization This calculator will calculate your expected mortgage amortization and payment amount including principle and interest.

Disclaimer:
The above links take you to external websites that have no affiliation with Joanne David CFP FCSI; Canadian Financial Strategies, Inc.; or Keybase Financial Group. Any data produced is for illustration purposes only and is not legal, financial, or other advice.

Clients and prospective clients should always read a product prospectus and fully understand all of the risks associated with the product before purchasing. Any information relating to the discussion of taxation issues is considered to be only general in nature. Clients should seek a qualified tax professional to discuss their specific tax requirements.