Canadian personal tax rates
How could I forget these!
Personal tax calculator
RRSP savings calculator
Ernst & Young Tax Calculators
Here are 3 web sites that have retirement calculators. I've tried a lot of calculators and have good idea how much money I will need. However, the third one below based on Bruce Cohen's The Pension Puzzle tells me I need to save a lot more than any other calculator I've tried. I'm very interested to hear if others get the similiar results. The Retirement Advisor calculators are my favorite.
Might not be of real use to calculate your worth but here's a neat page that tells you what "Class" you fit into, just for fun:
Note this is American.
I have created a TFSA Calculator based in excel if anyone is interested.
Link: TFSA Calculator
Here's a good set of calculators.. but i may be a bit biased
Stay tuned guys, we're going to have a bunch of excel spreadsheet calculators coming up.
Here is one of my favorite mortgage calculators, because it shows the payments broken down into interest and principal. Just make sure you set "show full amortization table" to yes.
Besides this calculator, I usually just use my own spreadsheet to predict mortgage payments.
I have a question about the Pension Puzzle calculator on the Fiscal Agents web site.
I'm not sure what to put on the line where it asks for the DB Pension Indexing Rate. I've been leaving it blank because my pension does not have guaranteed indexing. However, I'd like to play around with various scenarios.
For example, if inflation is 3% and a pension has a maximum indexing of 2/3 of the CPI does one put in 2% or 67%?
Unfortunately, the calculator's help section doesn't address this question Here's the link to the calculator:
I found this site a few weeks ago and I really like the range of calculators that they offer. They are all Canadian (ie. the TFSA calculators) and they offer free trials of the more in-depth financial planning tools that they have. I haven't tried the free trials yet but the calculators, I think, are very good. If anybody has tried the free trial software I'd be curious to know if it's worth a look.