Tools & Calculators

Uses an effective annual return converted to an equivalent monthly rate, with contributions at each month-end. The return is constant and hypothetical, not a forecast or guarantee. Use a rate after investment fees; taxes and inflation are excluded. The goal is entered in future dollars. The required monthly contribution assumes the same rate and timing; a goal due now must already be funded. No registered-account contribution limits or product-specific costs are modelled. Negative returns can reduce your savings.

Adds debts, the annual after-tax income shortfall multiplied by years, and other costs; then subtracts available assets and existing coverage. Enter the income gap after surviving household income and benefits. Do not double-count mortgage payments if the debt is included above. No inflation, investment return, estate tax or changing benefits are modelled. A zero gap is not advice to cancel coverage. This is a starting point for a needs review, not a coverage recommendation, premium quote or eligibility decision.

Uses a real return: (1 + return) ÷ (1 + inflation) − 1. Contributions and pensions keep pace with inflation; contributions occur at month-end and retirement withdrawals at month-start. Pension amounts are your estimates after tax, starting at retirement and continuing throughout. CPP/OAS eligibility, start dates, recovery tax and pension indexing are not calculated. Enter usable savings after allowing for withdrawal tax; an RRSP balance is not equivalent to TFSA cash. Assumes constant returns and spending, no estate balance at the end age, and no additional pension assets counted twice. Does not model market volatility, longevity beyond the end age, changing taxes or care costs. If already retiring, the funding gap must be met from existing resources or a revised plan; monthly savings needed is shown as zero because no saving period remains. This is not a recommended withdrawal rate or investment plan.

Continuing costs minus reliable after-tax household income gives the monthly gap before benefits. Benefits reduce that gap only after the waiting period. Totals cover the entered interruption and subtract accessible savings once. A zero gap does not establish adequate insurance. Benefits are user estimates, not eligibility or policy calculations; verify tax treatment, waiting periods, offsets, limits, exclusions and benefit duration. Assumes benefits continue for the rest of the interruption, with no inflation, investment return or changing costs. This is a household cash-flow illustration, not a disability benefit or coverage recommendation.

Uses 2026 annual federal and provincial brackets and basic personal credits, checked September 16, 2026. Assumes net income equals taxable income for credit phase-outs. Includes federal and Manitoba basic-personal-amount phase-outs, Ontario surtax and health premium. It is a simplified illustration, not a tax return or payroll calculation. It excludes CPP or QPP, EI, deductions, most credits and benefits, dividend and capital-gain rules, provincial low-income tax reductions, and other special calculations. Quebec includes the 16.5% federal abatement. Manitoba uses the frozen $47,000 / $100,000 thresholds in CRA payroll guidance and provincial guidance; CRA’s general rates page currently differs. Low-income estimates may overstate tax because provincial reductions are excluded. Taxable income less tax is not take-home pay. Actual payroll deductions, refund or balance owing may differ. Confirm an actual calculation with CRA, Revenu Québec or a qualified tax professional.

Uses monthly payments and a nominal annual rate compounded semi-annually, a common Canadian fixed-rate convention. Assumes that rate for the entire amortization, not just the mortgage term. Renewal rates will differ. Excludes property tax, insurance, fees and prepayments. Include any financed default-insurance premium in the balance. Variable-rate compounding and lender rounding may differ. This is not a mortgage offer or qualification assessment.