About Financial Planning

  • Advocis (The Financial Advisors Association of Canada) – consumer information »
    Advocis is the oldest and largest voluntary professional membership association of financial advisors and planners in Canada. Members are experts who can provide a full range of financial services, including estate and retirement planning, wealth management, risk management and tax planning.
  • FPSC – Financial Planning Standards Council »
    The FPSC develops, promotes and enforces professional standards in financial planning through the CFP certification and raises Canadian’s awareness of the importance of financial planning. It is FPSC’s vision to see Canadians improve their lives by engaging in financial planning.

Government Sites of Interest

  • Old Age Security (OAS) Program »
    The OAS provides you with a modest pension at age 65, if you have lived in Canada for at lest 10 years. This page provides to links to information about the program.
  • Canada Pension Plan (CPP) »
  • Canada Education Savings Grant (CESG) »
    Helping to save for your child’s future education costs. Parents, family members and friends are eligible to open a RESP on behalf of a child and apply for the Canada Education Savings Grant.

Worksheets

  • Current Expense Worksheet (PDF) »
    This expense worksheet can help you track your daily spending, which is the first step towards putting a plan into action.

Calculators

Retirement Calculators

  • RRSP Calculator »
    Calculate how much you will to save between now and the day you would like to retire.
  • RRSP Illustrator »
    Get a personalized assessment of the tax benefits you gain by investing in your RRSP
  • RIF/LIF Illustrator »
    Find out how much income your Registered Savings plan will generate in retirement.
  • RRSP Loan Planner »
    Find out how much income your Registered Savings plan will generate in 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.

Investment and Savings Calculators

  • Advantage of Early Investing »
    Learn the importance of investing early and on a regular basis.
  • Investment and Regular Deposit »
    See how your one time investment or regular deposit program will grow over the years.
  • Investment and Regular Withdrawal »
    Calculate the regular income stream generated by your non-registered investment.
  • RESP Calculator »
    Discover how much your money can grow in an RESP with the added contributions from the Canada Education Savings Grant. This tool also helps you figure out how much you will need to save for your children’s education.

Mortgage and Lending Calculators

  • Mortgage Qualifier »
    Thinking about buying a home but don’t know whether you would qualify for a mortgage? Use this calculator to find out how much you could qualify for and what your monthly payments would be.
  • Mortgage and Loan Amortization Scheduler »
    Want to know how much your mortgage will actually cost you? This easy to use tool provides a detailed payment schedule for your mortgage or loan based on the mortgage or loan amount, payment frequency, interest rate and the amortization period information you provide.
  • Debt Consolidator »
    Looking to consolidate your high interest debt into one easy to manage payment? This calculator can show you how much you might save by consolidating your debt at a lower interest rate.

Personal Finance Calculators

  • Household Cash Flow Statement »
    The first step in building a wise financial plan is determining your family’s income and expenses. This tool makes it easy.
  • Net Worth Statement »
    Complete your personal financial picture by pin pointing your personal assets and liabilities.

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