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Canadian Retirement Planner's Software™ - Annual License for Professional Use

Canadian Retirement Planner's Software™ - Annual License for Professional Use

  • $36500


The Canadian Retirement Planner's Software™ lets you efficiently and quickly prepare sophisticated retirement plans, including text. The Software will run on a PC running Windows XP, Vista, 7, 8 or 10. You do not connect to the internet while you are planning.

An Annual License for Professional Use allows you to prepare retirement plans for 10 clients. Each retirement plan for a client can include any number of variations of the assumptions and each such plan can be saved, printed and otherwise processed. As long as you have a license, you can purchase additional retirement plans.

Sample Plans

You can view a post-retirement plan for clients who are already retired here.

You can view a retirement savings plan for clients who are not yet retired here.

Retirement Planning Services

The amount of capital required to fund a comfortable retirement is enormous, and the tax considerations in accumulating and spending it are paramount. Proper planning can make the difference between financial independence and poverty. You can guide your clients by preparing retirement income projections and retirement savings plans, and developing strategies to meet their retirement objectives.

For clients who are years away from retirement, you can determine whether the savings that they are accumulating will be adequate to provide the funds that they will need each year during retirement. If the current savings are not adequate, you can identify the amounts of savings that are required; whether in the form of RRSP contributions, pension benefits or tax-paid capital.

For clients who are approaching retirement, you can assist them in deciding whether to take pension benefits as a pension income or as a lump-sum transfer to a locked-in retirement account; and whether to transfer retirement allowances to an RRSP or include them in income.

For clients who are approaching retirement or already retired, you can determine the standard of living that they can maintain during retirement with the savings that they have accumulated. You can also identify when and how much to withdraw from RRSPs, locked-in retirement accounts and tax-paid capital during the retirement.

Benefits to Using the Software

The Canadian Retirement Planner's Software™ lets you efficiently and quickly prepare a sophisticated retirement plan, including text.

Extend Your Professional Services - This Software enables you to provide a valued and sophisticated service at a very low cost. This cost-efficiency allows you to offer this specialized service to clients who previously would have found it beyond their means and enables you to expand your practice.

Meet the Specific Needs of Your Clients - This Software readily performs thousands of calculations to enable you to respond to client needs and present concrete tax planning strategies - the impact of inflation, appropriate uses of TFSAs, spousal RRSPs, locked-in accounts, income tax considerations, allocation of assets and pension incomes between spouses, life or term annuities.

Meet Professional Standards - The plans produced by the Software comply with the emerging professional standards for personal financial planning including those for future oriented financial information. Audit trails show the accumulation of savings and projection of retirement incomes to ensure the integrity of the results.

Fully Supported - The Software is updated at least twice yearly to incorporate changes in the Income Tax Act and to add features requested by users. You have an inexpensive software solution to meet your needs for years to come. Ongoing technical support is just an email away!

Retirement Model

Sophistication - Retirement planning can be based upon simple rules of the thumb, but they do not serve clients well. Through the use of the calculation power of computers, the software allows you to prepare a sophisticated plan which takes into account the complexities of retirement planning and meets the needs of your clients.

Spouses - The ownership of assets and taxation of income under the Income Tax Act requires careful management of investment assets and their allocation between spouses or common-law partners. The Software allows allocation of assets and pension incomes between spouses or common-law partners, prepares separate income projections and income tax calculations, and uses an integrated strategy for use of investment assets.

Strategy - The tax impact of using non-tax-deferred savings to provide retirement funds is very different from using RRSPs. The Software uses a strategy to allocate funds, which is designed to take advantage of tax deferral and income splitting opportunities.

Income Taxes - With the progressive tax rates in Canada and taxation of all proceeds from an RRSP, the income tax burden is a critical consideration in retirement planning. The Software calculates the tax rates each year taking into account the indexing of income tax brackets and credits. It calculates the basic, age and pension income tax credits, clawback of OAS and provincial surtaxes.

Pension Income Splitting - The Income Tax Act allows any Canadian resident who receives income that qualifies for the existing pension income tax credit to allocate to their resident spouse or common-law partner up to one-half of that income. The amount allocated will be deducted in computing the income of the transferor and included in computing the income of the transferee. The Software calculates the amount of pension income to split between the spouses that would minimize their income taxes.

Inflation and Indexing - The impact of inflation on retirement planning is frightening and consideration of pension indexation and inflation of living costs can be complex. The Software enables you to specify inflation and indexation rates and calculates their impact.

Types of Plan - The Software prepares post-retirement income projections for those who have already retired and retirement savings plans for those who are some years away from retirement.

Post-Retirement Income Projections - The Software enables you to prepare sophisticated projections of retirement income to determine how financial resources can best be used to provide retirement funds.

Types of Income Projections - The Software enables you to prepare projections of retirement income based upon the client’s current savings, or based upon the additional savings required if the amount is saved by the client or the spouse in an RRSP or as tax-paid capital.

Sustainable Income Levels - The primary question in the minds of those considering early retirement and those who are already retired is “How much can I afford to spend?” The Software enables you to determine the maximum sustainable income level.

Tax-Free Savings Accounts - The Software assists in determining contribution room, carry-forwards and appropriate drawdowns of funds.

RRSP Savings Plan - The Software assists in determining earned income, pension adjustments, maximum RRSP contributions, RRSP carry-forwards and appropriate use of Spousal RRSPs.

RRSP Maturity Options - The purchase of life or term annuities can in many circumstances provide retirement security. The Software allows you to readily assess the impact of this investment alternative.

Defined-Benefit and Defined-Contribution Pension Plans - The Software assists in calculating retirement benefits and pension adjustments.

Locked-in Funds - The Software calculates the minimum and maximum withdrawals from Life Income Funds and from Locked-in Retirement Income Funds. The Software also allows you to specify an age at which to start drawing the maximum from locked-in funds in order to execute a freeze.

Features and Components

Tool for the Planner - The Software is designed to be used by a professional planner to explore alternative strategies for using financial resources and accumulating retirement funds.

Raison D'être - The mission for the Software is to enable you to efficiently produce high quality retirement plans using computer technology.

Graphics - The Software produces financial graphics to enable the client to readily understand their financial situation and the results of your recommendations.

Audit Trails - The Software produces reports which show the year by year accumulations and use of savings to provide retirement funds, so that you do not have to rely solely upon the integrity of complex formulas.

Calculations - The Software automates the preparation of projections of retirement income and the calculations of the additional capital required at retirement. It provides a menu of commands to enter assumptions, view the results, print reports and prepare draft plans.

Guidance - The Software includes numerous comments explaining the client information that you can enter and describing the information that appears on the various reports.

Questionnaire - A questionnaire is included with the Software.

Trade Mark - The Canadian Retirement Planner's Software™ is a trade mark of D. R. Gobeil & Associates Ltd.


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