Model scope and limitations
Planning estimate, not a tax return. The model excludes age and pension income credits, GIS, alternative minimum tax, provincial health premiums and salary CPP/QPP and EI contributions. These exclusions can increase or decrease estimated spending.
Select “Lifetime RPP pension” only for income eligible for federal splitting before 65. Other eligible pensions and modeled RRIF withdrawals are split from 65. Quebec provincial transfers start at 65. Foreign pensions, US IRAs and death-related exceptions require separate review. The model assumes both partners live in the same province and meet the election requirements.
Projected assets are remaining investments plus net home equity, before tax at death, estate or probate fees and liquidation costs. This is not an after-tax inheritance.
Probabilities depend on the assumptions: the same normally distributed annual shock affects all accounts. The model does not reproduce full diversification, extreme returns or every family or corporate situation.
2026 tax tables. OAS estimates annualize the October–December 2026 monthly maximum, then adjust for starting age and residence. This is not total 2026 payments; benefits change quarterly. Manually entered amounts are preserved. Check your benefit statement and current rules.