Disclaimer: This calculator is basic and for illustrative/entertainment purposes. I have tried to make it accurate, but there is no warranty.  
   
           
   I am not a financial professional and do not sell any stocks, bonds, or funds. I do not provide specific financial advice. There is no explicit or implicit recommendation for the ETFs used. They are examples and you should use whatever best suits you.  
   
   
   
           
  This calculator is intended to help DIY investors who ultimately make their own decisions and manage their portfolios on their own. Selling investments can trigger taxes. Be sure that any suggestions for rebalancing your portfolio makes sense for you. You should do your own due diligence and consult experts as needed for your own situation.  
   
   
   
   
           
  You are responsible for your own investing decisions and will not sue Loonie Doctor or anyone associated with us.  
   
           
   
   
           
  The tool saves your entries to your web-browser.   
  This has the advantage of making it easier for you to come back to, but be aware in case you are using a public computer.  
  Are You Married or Single?
 
         
  Enter Names To Label Accounts Higher income Person Lower Income Person  
     
  Retirement Age  
  Life Expectancy  
  NIH Life Expectancy Calculator  
       
  Province
   
         
  Rough Guess At Average Annual Total Return In The Long Run After Inflation  
  Equity (Stocks)
 
  Bonds
 
         
  Capital Gains Inclusion Rate    
         
  Corporate Nominal Accounts (If Known)    
  Capital Dividend Account    
  GRIP    
  eRDOTH    
  nRDTOH    
         
  Is the corp owner able to give spouse dividends before age 65?
 
         
  Canada Pension Plan Worksheet  
     
  Years Contributing  
  Number of Low-Income Years That Can Be Excluded  
  Average T4 income Excluding Worst Years  
  Adjusted For Max Pensionable Income  
  Total Pensionable Earnings  
  Average Monthly Pensionable Earnings  
  Age Starting (60-70)  
  Estimated Monthly Benefit  
  Estimated Annual CPP Benefit  
         
  Other Pensions  
     
  Annual Amount  
  Age Starting  
  Survivor Benefit  
         
  Casual Work Income  
  Age  
   
   
   
   
   
   
   
   
   
   
         
  Retirement Target After-Tax Lifestyle Spending    
  Age After-Tax Cashflow Target    
     
     
     
     
     
     
     
     
     
     
         
Target Asset Allocation Selection        
         
  $CAD to $USD Exchange Rate    
         
  Select Input for your current Asset Allocation Strategy    
 
   
         
  Conservative Aggressive    
 
   
         
  Bonds Stocks    
     
  Use a US Small Cap Value Factor Tilt?
   
         
  Canadian All Cap EQ        
  US Total Market    
  US Small Cap Value EQ    
  Non-North America Developed Markets    
  Emerging Markets    
  Bonds    
         
  Step 3: Enter them below & make sure adds up to 100%    
     
  US Equity    
     
     
  Int'l (Non-North America) Developed Markets    
  Emerging Markets    
  Canadian Bonds    
  Cash    
  Total    
  All-In-One Asset Allocation ETF Ticker
  VEQT XEQT VGRO XGRO VCNS XCNS
Canadian All-Cap Equity 30.34% 26.56% 24.52% 21.28% 12.26% 10.65%
US Total Stock Market 42.89% 45.14% 34.20% 36.15% 17.32% 18.08%
Non-NA Developed Market 19.30% 23.58% 15.56% 18.90% 7.74% 9.46%
Emerging Market 7.47% 4.65% 5.84% 3.73% 3.05% 1.87%
Bond Market 0.00% 0.00%
Management Expense Ratio (Fee) 0.25% 0.20% 0.24% 0.20% 0.24% 0.20%
Below are the ETFs used by the calculator. It is not a specific recommendation.
The dividend yield averaged over the past 5-10 years was used for calculating income and tax drags. The yield to maturity and adjustment for capital gains/losses is used for bonds. 
You can change ETFs, fees, and gross (pre-fee & tax) yields. However, keep Canadian, US, Non-NA, bond status the same for the tax-drags to calculate properly.
Only replace a corp class ETF with another corp call ETF to maintain their tax calculations.
Asset Class (Index) Symbol Currency Fees Gross Yield Total Fee & Tax Drag*
TFSA RRSP Corp Personal Pers#2 Joint
Canadian All Cap (FTSE) CAD
CDN All Cap (S&P) Corp Class CAD
US Total Market (CRSP) CAD
US Total Market (S&P Core US) USD
US Large Cap (Solactive) Corp Class CAD
NDX 100 (US Large Cap Growth) CAD
NDX 100 (US Large Cap Growth) USD
NDX 100 Corp Class CAD
US Small Cap Value USD
Non-NA Developed (Core MSCI EAFE) CAD
Non-NA Developed (Core MSCI EAFE) USD
Non-NA Dev (Horizon EAFE) Corp Class CAD
Emerging Markets (Core MSCI EMM) CAD
Emerging Markets (Core MSCI EMM) USD
Emerging Markets (Horizon EMM) Corp Class CAD
Canadian Bond (FTSE) CAD
Canadian Discount Bonds CAD
CDN Bond (Solactive) Corp Class CAD
*For new purchases at current tax rates. The initial net tax on eligible dividends flowed through a corp may be lower if enough dividends are dispensed (reported on input/rebalance tabs). For personal accounts, it is at top personal marginal rate.
 
CURRENT TFSA HOLDINGS & BALANCES
  Enter Unused TFSA Contribution Room CAD to USD Exchange Rate    
                   
  TFSAs Total in $CAD After-Tax Income Fee & Tax Drag  
   
                   
        Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value
Canadian All Cap (FTSE) VCN CAD
CDN All Cap (S&P) Corp Class HXCN CAD
US Total Market (CRSP) VUN CAD
US Total Market (S&P Core US) ITOT USD
US Large Cap (Solactive) Corp Class HULC CAD  $                       -  
NDX 100 (US Large Cap Growth) ZNQ CAD
NDX 100 (US Large Cap Growth) QQQ USD
NDX 100 Corp Class HXQ CAD
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Non-NA Developed (Core MSCI EAFE) IEFA USD
Non-NA Dev (Horizon EAFE) Corp Class HXDM CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Emerging Markets (Core MSCI EMM) IEMG USD
Emerging Markets (Horizon EMM) Corp Class HXEM CAD
Canadian Bond (FTSE) ZAG CAD
CDN Bond (Solactive) Corp Class HBB CAD  $                       -  
$CAD Cash & Contributions CAD        
$USD Cash & Contributions USD        
Total Cash & Contributions
Account Total    CAD 
                   
        Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value
Canadian All Cap (FTSE) VCN CAD
CDN All Cap (S&P) Corp Class HXCN CAD  $                       -  
US Total Market (CRSP) VUN CAD
US Total Market (S&P Core US) ITOT USD
US Large Cap (Solactive) Corp Class HULC CAD  $                       -  
NDX 100 (US Large Cap Growth) ZNQ CAD
NDX 100 (US Large Cap Growth) QQQ USD
NDX 100 Corp Class HXQ CAD  $                       -  
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Non-NA Developed (Core MSCI EAFE) IEFA USD
Non-NA Dev (Horizon EAFE) Corp Class HXDM CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Emerging Markets (Core MSCI EMM) IEMG USD
Emerging Markets (Horizon EMM) Corp Class HXEM CAD
Canadian Bond (FTSE) ZAG CAD
CDN Bond (Solactive) Corp Class HBB CAD  $                       -  
$CAD Cash & Contributions CAD        
$USD Cash & Contributions USD        
Total Cash & Contributions
Account Total    CAD 
  TFSAs Total in $CAD After-Tax Income Fee & Tax Drag  
   
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value Income (CAD) Tax Drag Fee Drag Total Drag
Canadian All Cap (FTSE) VCN CAD
US Total Market (CRSP) VUN CAD
NDX 100 (US Large Cap Growth) ZNQ CAD
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Canadian Bond (FTSE) ZAG CAD
Cash Cash CAD  $                       -   0.00% 0.00% 0.00%
All-In-One Asset Allocation ETF Allocation Value Equity After-Tax Value Eligible Dividends Other Income Tax Drag Fee Drag Total Drag
Vanguard All Equity (VEQT) 100%
iShares All Equity (XEQT) 100%
Vanguard Growth ETF (VGRO) 80%
iShares Growth ETF (XGRO) 80%
Vanguard Conservative ETF (VCNS) 40%
iShares Conservative ETF (XCNS) 40%
Canadian FTSE Bond Index ETF (ZAG) 0%  $                         -   0.00%
Cash 0%  $                         -    $                       -   0.00% 0.00%
Total For TFSAs
  CAD to USD Exchange Rate            
  RRSPs Total in $CAD After-Tax* Income Fee & Tax Drag  
   
*Applies average tax rate from RRSP withdrawals from simulated drawdown strategy        
                   
      Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value
Canadian All Cap (FTSE) VCN CAD
CDN All Cap (S&P) Corp Class HXCN CAD
US Total Market (CRSP) VUN CAD
US Total Market (S&P Core US) ITOT USD
US Large Cap (Solactive) Corp Class HULC CAD  $                       -  
NDX 100 (US Large Cap Growth) ZNQ CAD
NDX 100 (US Large Cap Growth) QQQ USD
NDX 100 Corp Class HXQ CAD  $                       -  
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Non-NA Developed (Core MSCI EAFE) IEFA USD
Non-NA Dev (Horizon EAFE) Corp Class HXDM CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Emerging Markets (Core MSCI EMM) IEMG USD
Emerging Markets (Horizon EMM) Corp Class HXEM CAD
Canadian Bond (FTSE) ZAG CAD
CDN Bond (Solactive) Corp Class HBB CAD  $                       -  
$CAD Cash & Contributions CAD        
$USD Cash & Contributions USD        
Total Cash & Contributions CAD
Account Total  CAD 
                   
      Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value
Canadian All Cap (FTSE) VCN CAD
CDN All Cap (S&P) Corp Class HXCN CAD  $                       -  
US Total Market (CRSP) VUN CAD
US Total Market (S&P Core US) ITOT USD
US Large Cap (Solactive) Corp Class HULC CAD  $                       -  
NDX 100 (US Large Cap Growth) ZNQ CAD
NDX 100 (US Large Cap Growth) QQQ USD
NDX 100 Corp Class HXQ CAD  $                       -  
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Non-NA Developed (Core MSCI EAFE) IEFA USD
Non-NA Dev (Horizon EAFE) Corp Class HXDM CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Emerging Markets (Core MSCI EMM) IEMG USD
Emerging Markets (Horizon EMM) Corp Class HXEM CAD
Canadian Bond (FTSE) ZAG CAD
CDN Bond (Solactive) Corp Class HBB CAD  $                       -  
$CAD Cash & Contributions CAD        
$USD Cash & Contributions USD        
Total Cash & Contributions CAD
Account Total  CAD 
                   
in $CAD After-Tax Income Fee & Tax Drag  
 
*Applies average tax rate from RRSP withdrawals from simulated drawdown strategy        
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value Income (CAD) Tax Drag Fee Drag Total Drag
Canadian All Cap (FTSE) VCN CAD
US Total Market (CRSP) VUN CAD
NDX 100 (US Large Cap Growth) ZNQ CAD
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Canadian Bond (FTSE) ZAG CAD
Cash Cash CAD  $                       -   0.00% 0.00% 0.00%
All-In-One Asset Allocation ETF Allocation Value Equity After-Tax Value Eligible Dividends Other Income Tax Drag Fee Drag Total Drag
Vanguard All Equity (VEQT) 100%
iShares All Equity (XEQT) 100%
Vanguard Growth ETF (VGRO) 80%
iShares Growth ETF (XGRO) 80%
Vanguard Conservative ETF (VCNS) 40%
iShares Conservative ETF (XCNS) 40%
Canadian FTSE Bond Index ETF (ZAG) 0%  $                       -   0.00%
Cash 0%  $                       -    $                       -   0.00% 0.00%
Total For RRSPs
  CAD to USD Exchange Rate            
  RRSPs Total in $CAD After-Tax* Income Fee & Tax Drag  
   
*Applies average tax rate from RRSP withdrawals from simulated drawdown strategy        
                   
      Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value
Canadian All Cap (FTSE) VCN CAD
CDN All Cap (S&P) Corp Class HXCN CAD
US Total Market (CRSP) VUN CAD
US Total Market (S&P Core US) ITOT USD
US Large Cap (Solactive) Corp Class HULC CAD  $                       -  
NDX 100 (US Large Cap Growth) ZNQ CAD
NDX 100 (US Large Cap Growth) QQQ USD
NDX 100 Corp Class HXQ CAD  $                       -  
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Non-NA Developed (Core MSCI EAFE) IEFA USD
Non-NA Dev (Horizon EAFE) Corp Class HXDM CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Emerging Markets (Core MSCI EMM) IEMG USD
Emerging Markets (Horizon EMM) Corp Class HXEM CAD
Canadian Bond (FTSE) ZAG CAD
CDN Bond (Solactive) Corp Class HBB CAD  $                       -  
$CAD Cash & Contributions CAD        
$USD Cash & Contributions USD        
Total Cash & Contributions CAD
Account Total  CAD 
                   
      Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value
Canadian All Cap (FTSE) VCN CAD
CDN All Cap (S&P) Corp Class HXCN CAD  $                       -  
US Total Market (CRSP) VUN CAD
US Total Market (S&P Core US) ITOT USD
US Large Cap (Solactive) Corp Class HULC CAD  $                       -  
NDX 100 (US Large Cap Growth) ZNQ CAD
NDX 100 (US Large Cap Growth) QQQ USD
NDX 100 Corp Class HXQ CAD  $                       -  
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Non-NA Developed (Core MSCI EAFE) IEFA USD
Non-NA Dev (Horizon EAFE) Corp Class HXDM CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Emerging Markets (Core MSCI EMM) IEMG USD
Emerging Markets (Horizon EMM) Corp Class HXEM CAD
Canadian Bond (FTSE) ZAG CAD
CDN Bond (Solactive) Corp Class HBB CAD  $                       -  
$CAD Cash & Contributions CAD        
$USD Cash & Contributions USD        
Total Cash & Contributions CAD
Account Total  CAD 
                   
in $CAD After-Tax Income Fee & Tax Drag  
 
*Applies average tax rate from RRSP withdrawals from simulated drawdown strategy        
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value Income (CAD) Tax Drag Fee Drag Total Drag
Canadian All Cap (FTSE) VCN CAD
US Total Market (CRSP) VUN CAD
NDX 100 (US Large Cap Growth) ZNQ CAD
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Canadian Bond (FTSE) ZAG CAD
Cash Cash CAD  $                       -   0.00% 0.00% 0.00%
All-In-One Asset Allocation ETF Allocation Value Equity After-Tax Value Eligible Dividends Other Income Tax Drag Fee Drag Total Drag
Vanguard All Equity (VEQT) 100%
iShares All Equity (XEQT) 100%
Vanguard Growth ETF (VGRO) 80%
iShares Growth ETF (XGRO) 80%
Vanguard Conservative ETF (VCNS) 40%
iShares Conservative ETF (XCNS) 40%
Canadian FTSE Bond Index ETF (ZAG) 0%  $                       -   0.00%
Cash 0%  $                       -    $                       -   0.00% 0.00%
Total For RRSPs
CURRENT CORPORATE HOLDINGS & BALANCES
  CAD to USD Exchange Rate              
  Corp Total in $CAD After-Tax*   Income Fee & Tax Drag  
     
*Applies average tax rate during a simulated drawdown strategy during retirement        
*Taxable part of cap gains taxed at corp rate and nRDTOH applied, then taxed at personal ineligible dividend rate or eligible dividend rate if GRIP available.                
     
                     
Unused realized capital losses carried forward from previous years (as negative number) Included Loss      
                     
                     
Corporate Investment Account Unrealized Capital Gain/Loss   Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value
Canadian All Cap (FTSE) VCN CAD
CDN All Cap (S&P) Corp Class HXCN CAD
US Total Market (CRSP) VUN CAD
US Total Market (S&P Core US) ITOT USD
US Large Cap (Solactive) Corp Class HULC CAD  $                       -  
NDX 100 (US Large Cap Growth) ZNQ CAD
NDX 100 (US Large Cap Growth) QQQ USD
NDX 100 Corp Class HXQ CAD  $                       -  
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Non-NA Developed (Core MSCI EAFE) IEFA USD
Non-NA Dev (Horizon EAFE) Corp Class HXDM CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Emerging Markets (Core MSCI EMM) IEMG USD
Emerging Markets (Horizon EMM) Corp Class HXEM CAD
Canadian Discount Bonds ZDB CAD
CDN Bond (Solactive) Corp Class HBB CAD  $                       -   0.00%
$CAD Cash & Contributions CAD Net Unrealized Capital Gain/Loss (in CAD)        
$USD Cash & Contributions USD        
Total Cash & Contributions CAD
Account Total  CAD 
      Using Carried Losses To Offset        
Corp Total in $CAD After-Tax   Income Fee & Tax Drag  
   
*Applies average tax rate during a simulated drawdown strategy during retirement        
*Taxable part of cap gains taxed at corp rate and nRDTOH applied, then taxed at personal ineligible dividend rate or eligible dividend rate if GRIP available.                
     
                     
Unused realized capital losses carried forward from previous years (as negative number) Included Loss      
                     
Current  unrealized capital gains (losses): Enter losses as negative number Incl. Gain (Loss)      
                     
                     
Asset Class ETF Symbol Value ETF Currency Value in $CAD Unrealized Capital Gain/Loss After-Tax Value Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag
Canadian All Cap (FTSE) VCN CAD
US Total Market (CRSP) VUN CAD
NDX 100 (US Large Cap Growth) ZNQ CAD
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Canadian Bond (FTSE) ZAG CAD
Cash Cash CAD  $                            -    $                       -   0.00% 0.00% 0.00%
Account Total  CAD 
      Using Carried Losses To Offset        
All-In-One Asset Allocation ETF Allocation Value Equity Unrealized Capital Gain/Loss After-Tax Value Eligible Dividends Other Income Tax Drag Fee Drag Total Drag
Vanguard All Equity (VEQT) 100%
iShares All Equity (XEQT) 100%
Vanguard Growth ETF (VGRO) 80%
iShares Growth ETF (XGRO) 80%
Vanguard Conservative ETF (VCNS) 40%
iShares Conservative ETF (XCNS) 40%
Canadian FTSE Bond Index ETF (ZAG) 0%  $                         -   0.00%
Cash 0%  $                         -    $                         -    $                       -   0.00% 0.00%
Total For Corp Account
    Using Carried Losses To Offset          
   
  CAD to USD Exchange Rate                
  Account Total in $CAD After-Tax*   Income Fee & Tax Drag    
       
*Applies drawdown average marginal rate to the taxable portion of capital gains.            
*Note that capital losses are treated with a negative tax rate based on the assumption that they are used to offset gains          
                       
Unused realized capital losses carried forward from previous years (as negative number) Included Loss        
                       
                       
      Unrealized Capital Gain/Loss   Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag  
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value  
Canadian All Cap (FTSE) VCN CAD    
CDN All Cap (S&P) Corp Class HXCN CAD  $                       -      
US Total Market (CRSP) VUN CAD    
US Total Market (S&P Core US) ITOT USD    
US Large Cap (Solactive) Corp Class HULC CAD  $                       -      
NDX 100 (US Large Cap Growth) ZNQ CAD    
NDX 100 (US Large Cap Growth) QQQ USD    
NDX 100 Corp Class HXQ CAD  $                       -      
US Small Cap Value AVUV USD    
Non-NA Developed (Core MSCI EAFE) XEF CAD    
Non-NA Developed (Core MSCI EAFE) IEFA USD    
Non-NA Dev (Horizon EAFE) Corp Class HXDM CAD    
Emerging Markets (Core MSCI EMM) XEC CAD    
Emerging Markets (Core MSCI EMM) IEMG USD    
Emerging Markets (Horizon EMM) Corp Class HXEM CAD    
Canadian Discount Bonds ZDB CAD    
CDN Bond (Solactive) Corp Class HBB CAD  $                       -      
$CAD Cash & Contributions CAD Net Unrealized Capital Gain/Loss (in CAD)            
$USD Cash & Contributions USD            
Total Cash & Contributions  
Account Total  CAD   
      Using Carried Losses To Offset          
Account Total in $CAD After-Tax Income   Fee & Tax Drag    
     
*Applies drawdown average marginal rate to the taxable portion of capital gains.          
*Note that capital losses are treated with a negative tax rate based on the assumption that they are used to offset gains    
       
                       
Unused realized capital losses carried forward from previous years (as negative number) Included Loss        
                       
Current  unrealized capital gains (losses): Enter losses as negative number Incl. Gain (Loss)        
                       
                       
Asset Class ETF Symbol Value ETF Currency Value in $CAD Unrealized Capital Gain/Loss After-Tax Value Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag  
Canadian All Cap (FTSE) VCN CAD    
US Total Market (CRSP) VUN CAD    
NDX 100 (US Large Cap Growth) ZNQ CAD  
US Small Cap Value AVUV USD  
Non-NA Developed (Core MSCI EAFE) XEF CAD  
Emerging Markets (Core MSCI EMM) XEC CAD  
Canadian Bond (FTSE) ZAG CAD  
Cash Cash CAD  $                          -    $                       -   0.00% 0.00% 0.00%  
Account Total  CAD   
      Using Carried Losses To Offset          
All-In-One Asset Allocation ETF Allocation Value Equity Unrealized Capital Gain/Loss After-Tax Value Eligible Dividends Other Income Tax Drag Fee Drag Total Drag  
Vanguard All Equity (VEQT) 100%  
iShares All Equity (XEQT) 100%  
Vanguard Growth ETF (VGRO) 80%  
iShares Growth ETF (XGRO) 80%  
Vanguard Conservative ETF (VCNS) 40%  
iShares Conservative ETF (XCNS) 40%  
Canadian FTSE Bond Index ETF (ZAG) 0%  $                          -   0.00%  
Cash 0%  $                             -    $                          -    $                       -   0.00% 0.00%  
Total For Account  
    Using Carried Losses To Offset            
   
  CAD to USD Exchange Rate                
  Account Total in $CAD After-Tax*   Income Fee & Tax Drag    
       
*Applies drawdown average marginal rate to the taxable portion of capital gains.            
*Note that capital losses are treated with a negative tax rate based on the assumption that they are used to offset gains          
                       
Unused realized capital losses carried forward from previous years (as negative number) Included Loss        
                       
                       
      Unrealized Capital Gain/Loss   Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag  
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value  
Canadian All Cap (FTSE) VCN CAD    
CDN All Cap (S&P) Corp Class HXCN CAD  $                       -      
US Total Market (CRSP) VUN CAD    
US Total Market (S&P Core US) ITOT USD    
US Large Cap (Solactive) Corp Class HULC CAD  $                       -      
NDX 100 (US Large Cap Growth) ZNQ CAD    
NDX 100 (US Large Cap Growth) QQQ USD    
NDX 100 Corp Class HXQ CAD  $                       -      
US Small Cap Value AVUV USD    
Non-NA Developed (Core MSCI EAFE) XEF CAD    
Non-NA Developed (Core MSCI EAFE) IEFA USD    
Non-NA Dev (Horizon EAFE) Corp Class HXDM CAD    
Emerging Markets (Core MSCI EMM) XEC CAD    
Emerging Markets (Core MSCI EMM) IEMG USD    
Emerging Markets (Horizon EMM) Corp Class HXEM CAD    
Canadian Discount Bonds ZDB CAD    
CDN Bond (Solactive) Corp Class HBB CAD  $                       -      
$CAD Cash & Contributions CAD Net Unrealized Capital Gain/Loss (in CAD)            
$USD Cash & Contributions USD            
Total Cash & Contributions  
Account Total  CAD   
      Using Carried Losses To Offset          
Account Total in $CAD After-Tax Income   Fee & Tax Drag    
     
*Applies drawdown average marginal rate to the taxable portion of capital gains.          
*Note that capital losses are treated with a negative tax rate based on the assumption that they are used to offset gains    
       
                       
Unused realized capital losses carried forward from previous years (as negative number) Included Loss        
                       
Current  unrealized capital gains (losses): Enter losses as negative number Incl. Gain (Loss)        
                       
                       
Asset Class ETF Symbol Value ETF Currency Value in $CAD Unrealized Capital Gain/Loss After-Tax Value Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag  
Canadian All Cap (FTSE) VCN CAD  
US Total Market (CRSP) VUN CAD  
NDX 100 (US Large Cap Growth) ZNQ CAD  
US Small Cap Value AVUV USD  
Non-NA Developed (Core MSCI EAFE) XEF CAD  
Emerging Markets (Core MSCI EMM) XEC CAD  
Canadian Bond (FTSE) ZAG CAD  
Cash Cash CAD  $                           -    $                       -   0.00% 0.00% 0.00%  
Account Total  CAD   
      Using Carried Losses To Offset          
All-In-One Asset Allocation ETF Allocation Value Equity Unrealized Capital Gain/Loss After-Tax Value Eligible Dividends Other Income Tax Drag Fee Drag Total Drag  
Vanguard All Equity (VEQT) 100%  
iShares All Equity (XEQT) 100%  
Vanguard Growth ETF (VGRO) 80%  
iShares Growth ETF (XGRO) 80%  
Vanguard Conservative ETF (VCNS) 40%  
iShares Conservative ETF (XCNS) 40%  
Canadian FTSE Bond Index ETF (ZAG) 0%  $                          -   0.00%  
Cash 0%  $                          -    $                          -    $                       -   0.00% 0.00%  
Total For Account  
    Using Carried Losses To Offset            
JOINT PERSONAL TAXABLE ACCOUNT HOLDINGS & BALANCES
  CAD to USD Exchange Rate              
  Account Total in $CAD After-Tax*   Income Fee & Tax Drag  
     
*Applies drawdown average marginal rate to the taxable portion of capital gains.          
*Note that capital losses are treated with a negative tax rate based on the assumption that they are used to offset gains        
                     
Unused realized capital losses carried forward from previous years (as negative number) Included Loss      
                     
                     
      Unrealized Capital Gain/Loss   Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag
Asset Class ETF Symbol Value ETF Currency Value in $CAD After-Tax Value
Canadian All Cap (FTSE) VCN CAD
CDN All Cap (S&P) Corp Class HXCN CAD  $                       -  
US Total Market (CRSP) VUN CAD
US Total Market (S&P Core US) ITOT USD
US Large Cap (Solactive) Corp Class HULC CAD  $                       -  
NDX 100 (US Large Cap Growth) ZNQ CAD
NDX 100 (US Large Cap Growth) QQQ USD
NDX 100 Corp Class HXQ CAD  $                       -  
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Non-NA Developed (Core MSCI EAFE) IEFA USD
Non-NA Dev (Horizon EAFE) Corp Class HXDM CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Emerging Markets (Core MSCI EMM) IEMG USD
Emerging Markets (Horizon EMM) Corp Class HXEM CAD
Canadian Discount Bonds ZDB CAD
CDN Bond (Solactive) Corp Class HBB CAD  $                       -  
$CAD Cash & Contributions CAD Net Unrealized Capital Gain/Loss (in CAD)        
$USD Cash & Contributions USD        
Total Cash & Contributions
Account Total  CAD 
      Using Carried Losses To Offset        
Account Total in $CAD After-Tax Income   Fee & Tax Drag  
   
*Applies drawdown average marginal rate to the taxable portion of capital gains.        
*Note that capital losses are treated with a negative tax rate based on the assumption that they are used to offset gains  
     
                     
Unused realized capital losses carried forward from previous years (as negative number) Included Loss      
                     
Current  unrealized capital gains (losses): Enter losses as negative number Incl. Gain (Loss)      
                     
                     
Asset Class ETF Symbol Value ETF Currency Value in $CAD Unrealized Capital Gain/Loss After-Tax Value Dividend or Interest (CAD) Tax Drag Fee Drag Fee & Tax Drag
Canadian All Cap (FTSE) VCN CAD
US Total Market (CRSP) VUN CAD
NDX 100 (US Large Cap Growth) ZNQ CAD
US Small Cap Value AVUV USD
Non-NA Developed (Core MSCI EAFE) XEF CAD
Emerging Markets (Core MSCI EMM) XEC CAD
Canadian Bond (FTSE) ZAG CAD
Cash Cash CAD  $                          -    $                       -   0.00% 0.00% 0.00%
Account Total  CAD 
      Using Carried Losses To Offset        
All-In-One Asset Allocation ETF Allocation Value Equity Unrealized Capital Gain/Loss After-Tax Value Eligible Dividends Other Income Tax Drag Fee Drag Total Drag
Vanguard All Equity (VEQT) 100%
iShares All Equity (XEQT) 100%
Vanguard Growth ETF (VGRO) 80%
iShares Growth ETF (XGRO) 80%
Vanguard Conservative ETF (VCNS) 40%
iShares Conservative ETF (XCNS) 40%
Canadian FTSE Bond Index ETF (ZAG) 0%  $                          -   0.00%
Cash 0%  $                           -    $                          -    $                       -   0.00% 0.00%
Total For Account
    Using Carried Losses To Offset          
Portfolio Summary
  TFSAs RRSP#1 RRSP#2 Corporation Joint Taxable Total Portfolio
 
Pre-Tax Value
Post-Tax Value
                 
                 
Fees & Taxes  Total Portfolio 
Fee & Tax Drag
                 
                 
  TFSAs RRSP#1 RRSP#2 Corporation Joint Taxable  
Canadian All Cap Total Portfolio
Value (Pre-Tax)
Allocation (Pre-Tax)
Value (Post-Tax)
Allocation (Post-Tax)
US Total Market Total Portfolio
Value (Pre-Tax)
Allocation (Pre-Tax)
Value (Post-Tax)
Allocation (Post-Tax)
  TFSAs RRSP#1 RRSP#2 Corporation  
NDX100 (US Large Cap Growth) Total Portfolio
Value (Pre-Tax)
Allocation (Pre-Tax)
Value (Post-Tax)
Allocation (Post-Tax)
US Small Cap Value Total Portfolio
Value (Pre-Tax)
Allocation (Pre-Tax)
Value (Post-Tax)
Allocation (Post-Tax)
Non-NA Developed Total Portfolio
Value (Pre-Tax)
Allocation (Pre-Tax)
Value (Post-Tax)
Allocation (Post-Tax)
Emerging Markets Total Portfolio
Value (Pre-Tax)
Allocation (Pre-Tax)
Value (Post-Tax)
Allocation (Post-Tax)
  TFSAs RRSP#1 RRSP#2 Corporation  
Canadian Bond Market Total Portfolio
Value (Pre-Tax)
Allocation (Pre-Tax)
Value (Post-Tax)
Allocation (Post-Tax)
Cash 
Pre-Tax $CAD
Pre-Tax $USD
Post-Tax Total in CAD
Post-Tax Allocation (CAD)
Portfolio Summary  
  TFSAs RRSP#1 RRSP#2 Corporation Joint Taxable Total Portfolio  
   
Pre-Tax Value  
Post-Tax Value  
                   
                   
Fees & Taxes  Total Portfolio   
Fee & Tax Drag  
                   
                   
  TFSAs RRSP#1 RRSP#2 Corporation Joint Taxable Total Portfolio  
Stocks (Equity) Total Portfolio  
Value (Pre-Tax)  
Allocation (Pre-Tax)  
Value (Post-Tax)  
Allocation (Post-Tax)  
Bonds Total Portfolio  
Value (Pre-Tax)  
Allocation (Pre-Tax)  
Value (Post-Tax)  
Allocation (Post-Tax)  
Cash     
Pre-Tax $CAD  
Post-Tax Total in CAD  
Post-Tax Allocation   
Progress Towards Retirement Cashflow Using Safe Initial Withdrawal Rates Based On Monte Carlo Simulations
                   
  Start Age (From Tax Info)        
  Estimated Age of Last Death (From Tax Info)
  Longest Duration of Retirement (From Tax Info)
  Target Personal Retirement Cashflow (From Tax Info)
           
           
           
  Baseline Safe Withdrawal Rate*
  Portfolio Fee & Tax Drag During Drawdown (Ex-RESP)
  Net Safe Withdrawal Rate
           
  After-Tax Portfolio Required
  Current After-Tax Investment Portfolio
  Current After-Tax Portfolio Including CPP/Pension/OAS
  Progress Towards Retirement Cashflow Goal
  Cashflow Gaps: Can happen even if enough savings for the global retirement plan before OAS/Pensions kick in or if major fluctuations in spending targets. See chart below.        
         
                   
  Baseline Safe Withdrawal Rate is initial pre-tax/fee withdrawal rate, increased by inflation annually with >95% success rate.         
  Based on Historical Data, Future Expected Returns, & Current Asset Allocation.          
  Anchored to Monte Carlo Simulations data with intrapolation between data points.          
  Extrapolation used for retirement durations under 5 years (ie. Not validated!)          
  Early Retirement Now Safe Withdrawal Rate Series Canadian Article With Future Expected Returns Used  
Retirement Cashflow Simulation
                   
  This uses an algorithm to sequentially draw funds each year to meet cashflow needs (if possible) while minimizing taxes and maximizing tax deferral. The version embedded in this calculator is limited to a 50 year retirement duration. It is also important to note that this approach while show a different result than the Monte Carlo simulations. This method uses a steady annual income and return based on your asset mix. Random returns can decrease portfolio survivability if there is a bad sequence of returns (that is what the Monte Carlo approach addresses). On the other hand, the Monte Carlo data doesn't fully account for optimal drawdown strategies nor for changing drawdown requirements that one may have during different stages of retirement (eg. more spending in early retirement for travel and more at the end for healthcare, with a dip in the middle years) . This model is used to calculate the average drawdown tax rates for the different tax-exposed accounts to determine after-tax asset allocation of the portfolio.  
 
 
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
                   
 
 
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
                   
Corporation Investment Income Current Year Next Year
Corporate Eligible Dividend Income
Corporate Interest/Other Passive Income
Realized Capital Gains (Gross)
Total Taxable Capital Gain (Included Gain)
Corp Aggregate Investment Income
     
Corporation Notional Accounts Current Year Next Year
Capital Dividend Account
GRIP
eRDOTH
nRDTOH
     
Corporation Taxes Current Year Next Year
Elig Dividend Income: eRDTOH Collected
eRDTOH Refunded
Other Investment Income Tax Collected
nRDTOH Collected
nRDTOH Refunded
Net Corp Tax on Passive Income
Pre-dividend retained earnings
     
Net Retained Corporate Earnings To Invest Current Year Next Year
Pre-dividend retained earnings
Dividends Paid Out To Owner(s)
Net Corp Retained Earnings (Withdrawal)
     
Current Year Next Year
Capital Dividend
Eligible Dividends
Ineligible Dividends
Total Dividends
     
Capital Dividend  $                                -    $                                -  
Eligible Dividends
Ineligible Dividends
Total Dividends
Registered Account Dispensing of Funds
RRSP Withdrawal
RRSP Withdrawal Income Attribution (Pension Splitting)
TFSA Withdrawal (Contribution)  
     
Personal Taxable Account Dispensing of Funds
Personal Account    
Eligible Dividends
Foreign Dividends & Interest
Realized Capital Gain
Return of Capital
Total Personal Taxable Account Withdrawal
Joint Account    
Eligible Dividends
Foreign Dividends & Interest
Realized Capital Gain
Return of Capital
Total Joint Taxable Account Withdrawal (Contribution)
     
Net Cashflow
Corporation Dividends (See Above)
RRSP Withdrawal
TFSA Withdrawal (Contribution)  
Personal Account Withdrawal
Joint Account Withdrawal (Contribution)
Canada Pension Plan
Other Pension Plan
Casual/Part-Time Work Income
Taxable Income
Top Marginal Tax Rate    
Personal Taxes & OAS Clawback
Net Cashflow
 
 
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
   
 
 
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
     
Liquidation of Corporate Estate
Initial Corp Account Balance
Capital Dividends To Dispense
Eligible Dividends To Dispense
Ineligible Dividends To Dispense
Gross Corp Tax
eRDTOH Refunded
nRDTOH Refunded
Net Corp Tax
Do you have a secondary will for Corp?
Probate On Corp
   
Liquidation of Personal Estate
Dividends From Corp (above)
RRSP Balance
TFSA Balance
Personal Account Balance
Capital Gain
Return of Capital
Joint Account Balance
Capital Gain
Return of Capital
Pre-Tax Assets
Taxable Income
Personal Tax
After-Tax Personal Estate
Probate on Personal Estate
   
Summary
Pre-Tax Estate Value
Personal & Corp Tax
Personal & Corp Probate
Tax & Probate Rate
Net Estate
Flowchart Of How The Drawdown Algorithm Works