CPP Calculator
See what your CPP cheque is really worth at 60, 65 or 70 — using the age you actually stop working, not the age Service Canada assumes.
Try This ToolRetirement income tools
Free tools for turning your savings into retirement income
Most calculators tell you how much to save. These help with the harder part. When should you start CPP and OAS? Which account do you spend first? Start with your number below. No online tool replaces a plan built with a retirement planner in London, Ontario, but this is where it starts.
The rest of the toolkit
RRIF Withdrawal Calculator
See the withdrawals the CRA forces out of your RRIF from the year you turn 72 — the tax on every one, the year they push you over the OAS clawback line, and what the spouse-age election saves.
Try This ToolCPP & OAS Timing Optimizer
Model when to start CPP and OAS based on your savings, spending, risk profile, and life expectancy — including breakeven analysis, the "invest it early" argument, and RRSP drawdown tax strategy.
Try This ToolRetirement Paycheque Planner
Find out which account to draw from first — and what the wrong order costs. RRSP, TFSA or non-registered, matched to your pension, your CPP timing, and the OAS clawback line.
Try This ToolThe Survivor's Tax Cliff
See what happens to your household's after-tax income when the first spouse dies — the CPP survivor cap, the OAS that disappears, the end of pension income splitting, and the tax bill waiting on the second death.
Try This ToolOntario Retirement Calculator
Get a rough estimate of how much you need to retire in Ontario — including CPP, OAS, and your investment income.
Try This ToolRRSP vs TFSA Decision Tool
Not sure whether to contribute to your RRSP or TFSA? Answer a few questions and get a recommendation based on your situation.
Try This ToolRetirement Readiness Scorecard
Answer 10 quick questions and find out how prepared you are for retirement — plus specific steps to improve your score.
Try This ToolRelated Resources
Go deeper with these guides on retirement, investments, and tax strategy in Ontario.
RRSP vs TFSA Guide
The complete Ontario comparison — which account is right for you?
How Much to Retire in London
Real numbers for retirement in London, Ontario.
Investment Fees Explained
How high fees silently erode your retirement savings.
Retirement Checklist
Everything to check before you retire in Ontario.
OAS Optimization Strategies
How to maximize OAS and avoid the clawback in Ontario.
GICs vs. Investing in 2026
Compare GICs to diversified investing for Ontario savers.
RESP Guide for Ontario Parents
CESG grants, contribution limits, and withdrawal strategies.
Estate Planning for Ontario Families
Wills, powers of attorney, probate fees, and what you need to know.
Financial Tools FAQ
Are these financial planning tools really free?
Yes — all tools on this page are completely free to use. They are designed to give you a starting point for understanding your retirement readiness, RRSP vs TFSA decision, and overall financial health. For a personalized analysis, you can book a fit call.
How accurate are online retirement calculators?
Online calculators provide useful estimates, but they cannot account for every variable in your situation — such as future tax law changes, health costs, or market fluctuations. They are a good starting point for understanding roughly where you stand. A comprehensive financial plan from a qualified financial advisor will give you a much more accurate year-by-year projection.
Should I use an RRSP or TFSA for retirement savings in Ontario?
It depends on your income and expected retirement tax bracket. Generally, if you earn over $55,000, the RRSP tax deduction is more valuable. If you are in a lower bracket or need flexible access to your money, the TFSA is often better. Use our free RRSP vs TFSA Decision Tool for a personalized recommendation, or read our detailed RRSP vs TFSA guide.
What is a retirement readiness score?
A retirement readiness score measures how well-prepared you are for retirement across key dimensions: savings rate, investment strategy, tax efficiency, insurance coverage, estate planning, CPP/OAS timing, and more. Our free scorecard evaluates all 10 areas and gives you actionable steps to improve your score.
Why does the mix of RRSP, TFSA, and non-registered money matter, not just my total net worth?
Because not every dollar of net worth is worth the same in retirement. A dollar in your RRSP or RRIF is pre-tax — CRA takes a share when you withdraw it. A dollar in your TFSA is entirely yours. A dollar in a non-registered account sits in between, taxed only on its gains. Two people with an identical net worth can have very different spendable retirement incomes depending on how their money is split. The free Net Worth Tracker shows you that mix, not just the total.
Want a personalized analysis?
These tools give you a starting point. A fit call gives you real answers for your specific situation.
Not ready to book? Take the 2-minute retirement quiz →
Or call me at 519-281-2735 or text 226-242-3640.