• Calculates the amount of monthly savings required in order to receive your desired monthly after tax income.
• Calculates the amount of monthly after tax income that can be received if you save a stated amount each month.
• Differentiates between current income tax rates and estimated average tax rates after your retirement date.
• While allowing investments in your RRSP to accumulate tax free it subjects the income earned outside your RRSP to tax at your current marginal tax rates.
• Income generated after retirement is taxed at tax rates relevant to your retirement period, differentiating between income from a RRIF and that earned on other investments.
• It allows an inflation rate to be entered and uses this rate to calculate your inflation adjusted monthly cash needs.

• The calculations could be made simultaneously for husband and wife.

• It does not allow accumulation of funds in RRSP’s beyond the age of sixty nine, which is the maximum legal limit.

UNIQUE FEATURES

• It allocates your saving first to your RRSP up to its limit and then to your unregistered funds.

• It takes the tax savings resulting from your RRSP contributions into account.
• It allows RRSP savings to accumulate tax free, while RRSP payments get taxed fully.
• It takes into consideration the fact that the accumulations outside RRSP are subject to tax while payments of the accumulated funds is tax free.
• It takes into account the tax on the interest portion of annuity payments after retirement.

• It warns if RRIF payments fall short of legal limits.
• The software generates a professionally prepared letter addressed to your clients, attaching schedules explaining the results and calculations.

• The software generates a graph for your client and his spouse charting the net after retirement income against each level of saving.

Price: CDN $39.90 FREE