Sunday, November 13, 2005

Canadian Retirement Income Calculator

I found a retirement income calculator on the Government of Canada, Service Canada website. According to the site,

The Government of Canada has developed this calculator to help you plan for retirement. The calculator takes you step by step through an estimate of the ongoing income you may receive throughout your retirement from:

Old Age Security (OAS);
Canada Pension Plan (CPP) or Quebec Pension Plan (QPP);
employer pension(s);
Registered Retirement Savings Plans (RRSPs); and
other sources of ongoing income.


It will take you approximately 30 minutes to use the calculator. To get the most out of your session, please make sure that you have as many of the following up-to-date records as possible, including:

CPP Statement of Contributions or QPP Statement of Participation;
financial information about your employer pension (if applicable);
recent RRSP statement(s) (if applicable); and
statements for other savings that will provide ongoing monthly retirement income (annuities, foreign pensions; survivor pensions, etc.).

The calculator is here.

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