Financial calculators
Get answers to your clients’ most pressing financial questions
You can simulate loans, mortgages, taxes and much more with RazorPlan financial calculators – ready and easy to use!
Smart financial calculators, free to use
These calculators can be used directly on this page, or embedded to your own website.
Need to use the calculators now?
Just find the calculators you need, watch the tutorial and use it. Free calculations with Immediate results.
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Explore RazorPlan calculators
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All Calculators
Income Tax Calculator
The Income Tax Calculator estimates the amount of tax you will be required to pay on the various sources of income earned. If you are an employee, use the calculator to estimate the potential tax savings from RRSP contributions. If you are self-employed, use the calculator to estimate changes to income tax based on how you draw your income.
Terminal Tax Calculator
The Terminal Tax Calculator estimates the amount of taxes your estate will be required to pay in the year of your death (assuming no surviving spouse / partner).
Mortgage calculator
Calculate the impact various payment assumptions will have on the number of years until your mortgage is paid. Two scenarios and optional payment modes allow you to explore multiple strategies at once.
Investment Leverage
The Investment Leverage Calculator lets you compare an interest-only investment loan to making regular monthly savings. The strategy that produces a larger investment balance at retirement may warrant further consideration in your planning.
RRSP Calculator
Estimate the future value of your RRSP investment, given various assumptions. You can use the RRSP calculator to see the impact various savings and return assumptions may have on your investment.
RRIF Calculator
The RRIF Calculator estimates the future withdrawals you will need to make from your RRIF based upon the prescribed minimums. You can also use the RRIF calculator to estimate how long you can withdraw a set amount from your RRIF before running out of money.
RRSP Loan
The RRSP Loan Calculator lets you compare borrowing to invest a lump-sum in your RRSP today vs. making regular monthly contributions to your RRSP. The strategy that produces the larger RRSP balance at retirement may warrant further consideration in your planning.
RRSP vs. Mortgage
Compare investing a lump-sum in your RRSP today vs. paying down your mortgage and investing future mortgage savings in your RRSP. The strategy that produces the larger RRSP balance at retirement may warrant further consideration in your planning.
RRSP vs. Non-RRSP
The RRSP vs. Non-RRSP Calculator lets you compare investing in your RRSP to investing the after-tax equivalent in an investment vehicle where the interest is taxable when earned. The strategy that produces the larger “After-Tax Retirement Income” may warrant further consideration in your planning.
TFSA vs. RRSP
The TFSA vs. RRSP Calculator lets you compare investing in the 2 most popular tax-assisted investments available to Canadians. The strategy that produces the larger “After-Tax Retirement Income” may warrant further consideration in your planning.
Budget Planner
Whether you are conducting an annual review, meeting with a prospective client or presenting a full financial plan, RazorPlan has a report to handle the situation.
