*The spouse selector changes which Retirement Income inputs and Live Results are displayed. For sections 2, 3, and 4, use “Spouse 1 share” to divide that income between spouses.
1. Retirement IncomeAnnual amounts
Enter expected annual amounts before tax.
OAS before clawback
CPP/QPP
Workplace pension
RRIF/LIF income
Other predictable income
2. GICs and InterestNo entries
Add non-registered GICs, term deposits, or interest-bearing accounts. Ownership must reflect the actual source of capital.
3. DividendsNo entries
Enter annual cash dividends from Canadian corporations held outside registered accounts.
4. Capital Gains/LossesNone entered
Enter realized year-to-date gains or losses. The model applies a 50% inclusion rate and a zero floor to each spouse’s total taxable gains.