Free tools for turning your savings into retirement income

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 free assessment.

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.

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.

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.

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.