Find out where your finances sit with one of our helpful calculators. Showing the progress you've made and the steps you need to reach your financial goals, they're a practical tool you can use to keep you and your portfolio on track.
Savings Calculator - Turn your savings dream into a reality with feasible steps to get there.
Enter in your savings plan and view the worth of the investment over time. Alternatively, enter your savings goal and the period of time in which you want to achieve that goal and learn how much you need to deposit each month to get there.
Net Worth Calculator - Your net worth is the value of what you own minus what you owe. Use this calculator to determine all of your assets and liabilities.
If you owe more than you own, you have a negative net worth. If you own more than you owe, you have a positive net worth. Your overall net worth helps you make decisions about your financial goals and how to attain them.
Life Insurance - Click here for an idea of how much life insurance you need to cover your financial responsibilities and take care of your dependents.
How much life insurance is enough? Enter your current assets, expenses, income and let the calculator determine how much life insurance you need. You can also adjust the inflation rate (the average inflation rate 1.6% is per year) and your expected rate of return to see how these variables can impact your insurance needs. Press the report button to see a year-by-year breakdown of your family's future income and expenses.
Home budget - Analyze your budget, see where your money goes and find out where you can improve.
Managing your monthly budget can be difficult and frustrating. One of the most important aspects of controlling your budget is to determine where your money is going, and this calculator helps you do just that. By entering your income and monthly expenditures, you can see how much you have left to save and where your money is being spent. In addition, press the "view report" button to compare your budget breakdown to our targets, which can help identify areas for improvement.
Disability insurance - Would you be able to support yourself and your dependents if you couldn't work? Click here to find out.
One of the most common causes of income loss is through a disability. While most disabilities cause only temporary loss of income, any income loss can be disastrous if you are not financially prepared. This calculator helps you determine how much disability insurance you may need to cover expenses during such a time.
Personal debt calculator - To determine whether consolidating your debt is a wise financial move, use this calculator.
Should you consolidate your debt? This calculator will help determine if debt consolidation is right for you. Enter your credit cards, auto loans and other installment loans balances. Change the loan amount, term or rate to create a loan that will work within your budget.
Retirement Calculator - Plan ahead to achieve the retirement of your dreams.
Find out how consistent investments over a number of years can be an effective strategy to accumulate wealth at retirement. The good news is even small additions to your savings add up over time. This calculator demonstrates how to put this strategy to work for you.
Education Savings - If putting your children through post-secondary education is your goal, this calculator helps you develop the plan to get them there.
Unless you have a lot of disposable income, saving for your children's education requires a long-term plan. Take maximum advantage of government programs like the Registered Education Savings Plan (RESP), and reap the rewards of the Canada Savings Grant when you do. Click on the"definitions" button to help fill in the fields and view a practical plan to finance your children's educations.
Please note, the calculators and tools are for demonstration purposes only. Always consult your financial advisor before making any major financial decisions.