NowCapital is a Canadian retirement planner that helps you understand your retirement savings and spending. The application is designed to provide you with insights into your financial future, but it is not a substitue for professional financial advice. Please consult with a qualified financial advisor for personalized guidance based on your specific circumstances.

Features:

- Provides the maximum net sustainable monthly spending based on your financial profile in today’s dollars.
- Supports 2025 tax rates for all provinces and territories in Canada.
- Supports Ontario tax credits and deductions.
- Supports RRSP withdrawal income and capital gains tax.
- Supports minimum RRSP/RRIF withdrawal age rules.
- Supports eligible dividend and non-eligible dividend income tax credits.
- Supports OTTP and PSP Defined Benefit (DB) pension calculations.
- Supports CPP/OAS delay, OAS clawback rules and GIS.
- Distinguishes between CPP and QPP (Quebec Pension Plan) for benefit calculations and DB pension integration.
- Supports transfer of account balances at death between couples.
- Supports the calculation of net (after-tax) estate value.
- Indexes all spending, investment contributions, returns, and projected tax rate to inflation (CPI).
- Allows you to explore different scenarios by adjusting key parameters such as retirement age, death age, and investment returns.
- Provides the ability to draw down accounts based on weighting or order.
- Provides a fallback strategy for drawing down accounts if the current account is out of funds.
- Provides a fallback strategy between couple if a spouse account is out of funds.
- Provides a detailed breakdown of your account balances over time.
-Lets you export the plan results to a .CSV file for further analysis.
- Provides the ability to split pension income, helping to reduce taxes by using lower tax brackets and maximizing credits.
- Lets you add one-time income or expense events, such as inheritances or major purchases.
- Provides stress testing (Monte Carlo simulation) to assess the probability of your retirement plan succeeding under different market conditions.
- Supports the ability to enable an RRSP Meltdown strategy.
- Allows you to define your own retirement spending phases (e.g., “go-go”, “slow-go” years).
- Provides auto-populated retirement spending phases based on J.P. Morgan 5M retiree study and Canadian-specific data.