Other calculators

A short list of calculators on other websites that answer questions my own tools don’t — retirement income, when to take CPP and OAS, and a bank’s set of GIC, TFSA, RRSP, RESP and investment-growth tools. Each link opens in a new tab. Please read the note below before you rely on any of them.

Before you click — these are not my calculators. The links on this page go to websites I do not own or control. I have not verified their calculations, they can change or disappear without notice, and their privacy practices are their own. Use them at your own risk, check the assumptions behind every result, and do not enter personal or financial details you would not give to a stranger. A link is not an endorsement, and nothing these sites show you is advice from me.

Canadian Retirement Income Calculator

Government of Canada (Service Canada) · srv111.services.gc.ca

The federal government’s step-by-step estimate of your retirement income. Enter your date of birth and income goal, then your CPP or QPP, employer pension, RRSP and other savings, other income and Old Age Security. It charts your estimated annual income at each age, in today’s dollars, against the goal you set.

Best for: a first look at whether CPP, OAS, a pension and your savings add up to the retirement income you want.

Open on canada.ca

CPP & OAS timing calculator

Loonies & Sense · looniesandsense.ca

Compare starting CPP anywhere from 60 to 70 and OAS from 65 to 70. It shows the monthly amount at each start age, the percentage adjustment for taking a benefit early or late, cumulative lifetime totals by age, and the break-even ages between starting early and waiting.

Best for: deciding when to start CPP and OAS, and seeing what waiting is worth if you expect a long retirement.

Open on looniesandsense.ca

CIBC investment calculators

CIBC (Canadian Imperial Bank of Commerce) · cibc.com

A bank’s set of six quick tools: a GIC calculator, TFSA and RRSP calculators (including RRSP versus non-registered savings), an RESP calculator with the government grant, an investment growth calculator for regular contributions with compound interest, and a retirement savings calculator. Expect CIBC product promotion alongside the tools.

Best for: quick what-if comparisons across account types, and a second set of numbers to check against my RRSP, RESP and present & future value calculators.

Open on cibc.com

Third-party websites — disclaimer

The calculators above are provided and operated by third parties. I am not responsible for the content, accuracy, completeness, availability, security or privacy practices of any external website, or for any loss arising from your use of one. Their results are estimates based on the assumptions each site chooses and on the information you enter; they are not tax, financial, legal or investment advice, and they are not advice from me. Government benefit amounts, thresholds and rules change every year. Verify anything important with the source — for CPP and OAS, your My Service Canada Account — and obtain advice specific to your situation before acting.

Why link out

Why I point you to these instead of building my own.

CPP and OAS amounts, the deferral and early-start adjustments, and the OAS clawback threshold are updated by the government every year, and the federal retirement income calculator is maintained by the people who run those programs. Rather than publish a copy that could quietly drift out of date, I link to the source and keep my own calculators for the things that don’t change as often — land transfer tax, mortgages, personal tax, RRSP and RESP savings.

Once you have the results, I’m glad to walk through what they mean for your tax return and the rest of your plan: which income to draw first, how CPP and OAS timing interacts with RRSP withdrawals and the OAS clawback, and what changes when a spouse or a rental property is part of the picture.

Want a second opinion on the numbers?

Bring the results from any calculator — mine or someone else’s — and we’ll go through what they mean for your situation and your taxes.

Book a free consultation 647-823-5656