Financial Tools:

Retirement Calculators

The following are helpful tools in identifying your investment and retirement needs as well as to form potential investment strategies:

Calculators:

• RSP Calculator
  By identifying future income needs and the amount you intend to save until retirement, the RSP Calculator can help you identify any potential shortfall and create a savings plan to help you achieve your financial goal. The RSP Calculator allows you to personalize the scenario by accounting for a variety of factors such as inflation, rate of return on your investment, and indexing.
  
  
• RSP Illustrator
  By providing a few details about your future investing plans, the RSP Illustrator can help illustrate the advantages of tax sheltered growth of a registered plan (RSP) compared to the taxable growth of a non-registered plan. By investing the tax refund received on RSP contributions, an investor can take further advantage of the savings and growth potential that comes with investing in an RSP. The RSP Illustrator allows you to personalize your scenario by accounting for a variety of factors such as contribution amount, frequency, rate of return on your investment, and your marginal tax rate.
  
  
• RIF / LIF / LRIF Illustrator
  This calculator helps to illustrate the income stream available from a Registered Income Fund at retirement. It provides you with the ability to generate a payment schedule for RIFs, LIFs, or LRIFs throughout the life of the plan. The calculator also totals all of your gross payments, withholding taxes, and net payments.
  
  
• Registered vs. Non-Registered Comparison
  This tool compares the benefits of an RSP savings program against a non-registered program. By comparing two identical investments with the only difference being that one is registered and the other is not, you can see the difference a RSP truly makes when it comes time to retire.

• RSP Loan Planner
  The RSP Loan Planner helps illustrate two common scenarios:
  
  1. Maximizing your contribution with an RSP Loan.
  2. Utilizing an RSP Loan this year for your and begin contributing with your own money next year.

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