RRSP Calculator
RazorPlan’s RRSP calculator estimates the future value of an RRSP investment given various assumptions.
RRIF Calculator
RazorPlan’s RRIF calculator estimates the future withdrawals from an RRIF based upon the prescribed minimums. Advisors can also use the RRIF calculator to estimate how long a client can withdraw a set amount from a RRIF before running out of money.
Small Business Taxation
It has been two weeks since the Federal government announced, over lunch at the Pastaggio Italian Eatery, changes to the small-business tax rate from 10.5% to 9% by 2019. This change in the small business tax rate is a campaign promise that has been accelerated because of the backlash the Federal government felt over the small business tax changes proposed on July 18th, 2017.
Will That Investment in Your Child’s Business Endanger Your Retirement?
Your son or daughter just asked you for a short-term loan to help them start a business. If everything goes well, they will pay you back with interest in a few years. But what if they never pay you back? How much will it impact your ability to enjoy your retirement?
Average Canadians Stranded in a Storm of Liberal Tax Changes
Understanding the implications of the proposed federal tax changes.
Who to Follow in Canadian Finance
In this post, we have compiled a list of top influencers, both individuals and publications / organizations, who are regularly consulted on financial issues in Canada. If you’re looking for a solid reading list on personal finance issues specifically for Canadians, this list is a great place to start.
Prospecting with Razor Leads: Part 1
For many financial advisors, client acquisition is a poorly defined activity – largely consisting of asking existing clients and centres of influence for referrals – and usually done without much structure or process. This is surprising because prospecting is regularly ranked as a top priority among advisors.
Prospecting with Razor Leads: Part 2
Razor Leads is a client-facing retirement income calculator that anyone can use to calculate their potential retirement income and compare it to others. After calculating their potential retirement income, prospects will then have the option to connect with a RazorPlan™ advisor to further analyze their situation.
Prospecting with Razor Leads: Part 3
This post outlines a business development strategy you can use to grow your practice using Razor Leads. Activities are recommended on a daily, weekly and monthly basis and can be implemented by yourself, your administrative support staff or external contractors.
Savings and Retirement Projections
A new user recently told me a story about how he used RazorPlan during a recent appointment to win a new client. Here’s the story…
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