Knowledge Bureau Calculators

Accumulation

Financial Assessment Calculator

A powerful calculator that links your client’s trigger questions about life, financial, and economic events to the changes required to get the best financial results now and in the future. Begin by analyzing the use of money in four stages—basic spending needs for food, clothing, shelter (non-discretionary spending), emergency savings for now and in retirement (discretionary spending), foundational savings (capital used as a tool to build financial resources) and finally, transition of savings (building of sustainable family legacies). The process then moves from thinking in the present to a future—how to use “redundant income” as a tool to build income-producing capital (often called “don’t see it, don’t need it” money). You can make decisions about spending and saving to meet goals, such as what is personal net worth today and what can be done to increase and sustain it, after tax?

Income Tax Estimator

A straight-forward calculator that helps to determine total taxes paid for individuals and/or couples based on different combinations of income sources. It is also a critical tool for every advisor who wants to show clients the benefits of an RRSP contribution, the effect of dividends on net income, how to pension income split, and how to structure income to avoid a clawback of Old Age Security or other income-tested government benefits like the Child Tax Benefit for families.
With the Toolkit version of this calculator you can include your own logo, name, and disclaimer. It also allows you to save and retrieve scenarios.

Transition

Tax Efficient Retirement Income Calculator

The average retirement is 20 years. Take a look at what that looks like, financially speaking, after tax, for both you and your spouse, retiring at different times. When will income sources start and stop for each of you? 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.


With the Toolkit version of this calculator you can include your own logo, name, and disclaimer. It also allows you to save and retrieve scenarios.

Donation Savings Calculator

Canadians are becoming more philanthropic—giving more every year to causes that are important to them. This calculator helps in determining the tax savings, and therefore the after-tax cost, of charitable donations.

Trust Tax Estimator Calculator

In order to plan for succession using testamentary trusts, you’ll need to know how much tax will be payable by the trust. Use this calculator to estimate the taxes on income earned in trust either as a graduated rate estate or a regular trust.