Accumulating Wealth – Get Help with Knowledge Bureau Calculators

Help your clients and your family with goal setting and discuss the creation of new money for savings. Three new Knowledge Bureau Calculators can help...

Financial Assessment Calculator.  This powerful calculator links your client’s trigger questions about life events, financial events, and economic events with changes required to get the financial results needed now and in the future. Begin by analyzing the use of money in four stages: basic spending needs for food, clothing, shelter (non-discretionary spending), “emergency savings for now and in retirement” (discretionary spending), foundational savings (capital used as a tool to build financial resources) and finally, transition of savings (building of sustainable family legacies). The process then moves from thinking in the present to a future orientation: how to use their “redundant income” as a tool to build income-producing capital (often called “don’t see it, don’t need it” money). Now you can make decisions about spending and saving to meet goals – what is personal net worth today and what can be done to increase and sustain it, after tax?

Income Tax Estimator.  This simple, one page calculator helps to determine total taxes paid for individuals and/or couples based on different combinations of income sources. It is also a critical tool for every advisor who wants to show clients the benefits of an RRSP contribution, the effect of dividends on net income, how to pension income split, and how to structure income to avoid a clawback of Old Age Security or other income-tested government benefits like the Child Tax Benefits for families.

Take Home Pay Calculator. One of the key issues for employees considering a new job is the take home pay for the position, especially if the job is in a different province. This calculator provides an estimate of the take home pay based on salary, exemptions, deductions and province of residence.

Try all 14 Knowledge Bureau Calculators with a free trial!