NowCapital.ca
NowCapital.ca is a Canadian retirement planner that helps you understand your retirement savings and spending. The tool is designed to provide you with insights into your financial future, but it is not a substitue for professional financial advice. Please consult with a qualified financial advisor for personalized guidance based on your specific circumstances.
* Provides the maximum net sustainable monthly spending based on your financial profile in todays dollars.
* Supports 2025 tax rates for all provinces and territories in Canada.
* Supports Ontario tax credits and deductions.
* Supports RRSP withdrawal income and capital gains tax.
* Supports minimum RRSP/RRIF withdrawal age rules.
* Supports eligible dividend and non-eligible dividend income tax credits.
* Supports OTTP and PSP Defined Benefit (DB) pension calculations.
* Supports CPP/OAS delay, OAS clawback rules and GIS
* Distinguishes between CPP and QPP (Quebec Pension Plan) for benefit calculations and DB pension integration.
* Supports transfer of account balances at death between couples.
* Supports the calculation of net (after-tax) estate value.
* Indexes all spending, investment contributions, returns, and projected tax rate to inflation (CPI).
* Allows you to explore different scenarios by adjusting key parameters such as retirement age, death age, and investment returns.
* Provides the ability to draw down accounts based on weighting, order
* Provides a fallback strategy for drawing down accounts if the current account is out of funds.
* Provides a fallback strategy between couple if a spouse account is out of funds.
* Provides a detailed breakdown of your account balances over time.
* Lets you export the plan results to a .CSV file for further analysis.
* Provides the ability to split pension income, helping to reduce taxes by using lower tax brackets and maximizing credits.
* Lets you add one-time income or expense events, such as inheritances or major purchases
* Provides stress testing (Monte Carlo simulation) to assess the probability of your retirement plan succeeding under different market conditions.
* Supports the ability to enable an RRSP Meltdown strategy.
* Allows you to define your own retirement spending phases (e.g., go-go, slow-go years
* Provides auto-populated retirement spending phases based on J.P. Morgan 5M retiree study and Canadian specific data