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This calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard. You should speak with an Educators Financial Group Financial Specialist, or your professional accountant before making a final decision to ensure any strategy meets your overall financial needs and that your personal circumstances have been taken into account.
Educators Financial Group does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator. Educators Financial Group will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results. Commissions, trailing commissions, management fees and expenses may all be associated with mutual funds. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
*The taxable column is based on the combined federal and provincial tax rates the annual salary falls under in Ontario. The tax rates are subject to change.
**Withdrawals from an RRSP are fully taxable as income in the year received.