Annual Retirement Income Worksheet


Use this single, convenient worksheet to calculate the combined after-tax retirement income for you and your spouse.

Do not include registered assets such as RRSPs in your calculations. The income generated from these assets will be addressed separately.

Be sure to enter the annual amount of your incomes.

* Required Information

Residency

  You Spouse

Annual income

  You Spouse
Pension Income
$  $ 
$  $ 
$  $ 
$  $ 
$  $ 
Employment Income
$  $ 
$  $ 
Other income (specify)
$  $ 
$  $ 
$  $ 


1 Includes interest, dividends and capital gains earned outside your registered plan(s). For this calculation, all investment incomes have been taxed at marginal rates. For accurate tax rates, consult the Canada Revenue Agency.

Based on the information you have entered, the following is the projected annual retirement income for you and your spouse.

Projected Income

  You Spouse
Total annual taxable income: (before taxes) $ 0 $ 0
Annual tax payable:(2) $ 0 $ 0
Estimated net annual income: (after taxes) $ 0 $ 0
Projected net annual income: (both spouses) $ 0

1 Includes interest, dividends and capital gains earned outside your registered plan(s). For this calculation, all investment incomes have been taxed at marginal rates. For accurate tax rates, consult the Canada Revenue Agency.

2 Based on 2000 federal and provincial marginal income tax rates. For a more precise calculation, consult the Canada Revenue Agency or your tax specialist.

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