Powerful Tools to Document Your Client Experience

Provide comprehensive client services through the accumulation, growth, preservation, and transition stages using the 14 innovative calculators in the Client Relationship Toolkit. Try them free!

The purpose of these calculators is to answer the “trigger questions” clients have about the financial decisions they need to make, with tax efficiency. They are ordered to follow the four elements of Real Wealth Management™: Accumulation, Growth, Preservation, and Transition, but can be used to fill knowledge gaps on a random basis as well. Used in order, they support a consistent client interview process for firms who work with wealth advisors throughout the year to provide comprehensive tax planning services.

Accumulation

Income Tax Estimator - This is a straight-forward calculator that helps to determine total taxes paid for individuals and/or couples based on different combinations of income sources.

Financial Assessment Calculator - This powerful calculator links your client’s trigger questions: about life events, financial events and economic events with changes needed to get the financial results needed now and in the future.

Growth

Take Home Pay Calculator - This calculator provides an estimate of the take home pay based on salary, exemptions, deductions and province of residence.

RRSP Savings Calculator - The first section of this calculator will give you a quick answer to how much tax saving are available by making an RRSP contribution. Use the second section to determine the costs of a proposed RRSP loan and compare the loan costs to the earnings within the RRSP during the loan repayment period.

Registered vs. Non-Registered Savings Calculator - This calculator will show you how making the right choice—registered or non-registered account—can make all the difference in building wealth on time for your retirement schedule.

Investment Income Calculator - This calculator will help you project investment income into the future, based on a four year forecast. Use this calculator to put in detailed figures of all the different types of investment income the client may have in the future, based on their current savings pattern.

Preservation

Tax Efficient Retirement income Calculator - This calculator helps layer income over a period of years to determine what tax brackets you and your spouse will be in, how income sources affect net and taxable income and what is left, after tax, if anything. It also identifies return of capital required over the period to meet needs and wants, or, if there is plenty of money, the redundant amounts that can be reinvested on a safe, tax efficient basis.

Marginal Tax Rate Calculator - You will use this tool to quickly determine: i) the average tax rate, ii) the marginal tax rate and iii) the tax bracket the client is in today, based on their income levels. This will help to determine the client's current tax picture so that you can structure future income sources with tax efficiency.

Fixed vs. Variable Income Calculator - Zeroing in on the retirement "withdrawal" equation and how to supplement cash flow gaps without eroding capital away in the process, this calculator will help advisors and clients make decisions about return of capital options.

CPP Income Calculator - Should you draw from the CPP early? This calculator will help you answer that question by determining break-even points along the way, while explaining the rule and criteria changes that took place in 2012 and subsequent years.

Debt Reduction Solutions Calculator - This calculator assists with determining the amount of income available to service debt and then provides opportunities to calculate maximum mortgage payments, fixed term mortgages and all-in-one solutions.

Cash Flow Calculator - Calculate all the income sources - taxable, non-taxable, return of capital, and windfall - to better understand where money comes from for different purposes: non-discretionary needs (food, clothing, shelter, etc.). Then you can begin to do some discretionary spending - and saving money more purposefully in the right accounts: for emergencies, and future wants like security in retirement or the best education for the kids.

Transition

Tax Efficient Assets Transfer Calculator - By understanding Adjusted Cost Base on disposition of assets, you’ll be in a better position to determine when—at lifetime or death—to do so, and to whom. You’ll also understand how to better utilize capital losses along the way.

Donations Savings Calculator - This calculator helps in determining the tax savings (and therefore the after-tax cost) of charitable donations.