View the Results

The View the results page provides you with a summary of your income at retirement based on the default values the system has inputted and/or on the values you have entered from Steps 1 to 4.

From there, you can easily navigate to any one of the steps and make changes as desired. Any changes made will be reflected in the Results page and can be printed by clicking on the Print button.

The top portion of the page, Summary of information, provides a recap of the information in each of the steps. The bottom portion, Summary of projected results, is a table outlining the retirement income you will receive from each of your plans, based on the information displayed above.

If you have allocated your assets amongst more than one retirement option and you wish to view your gross and net payments, simply click on the Details button for that plan. For the prescribed minimum and maximum amounts applicable to a plan, click on the Payment limits button.

In addition, you can produce your own customized report by clicking on the Detailed customized report button.

Balance
Closing balance
Country of taxation
Detailed customized report
Details
Expected rate of return
Opening balance
Owner's age on January 1st
Payment limits
Province of taxation
Spouse’s age on January 1st
Year

Balance
Represents the value of your assets at a particular point in time.

Closing balance
The value of your assets at the end of each year.

Country of taxation
The country in which you file your income tax return.

Detailed customized report
This section allows you to create your own report in pdf format. There are 5 components available:

Summary of your income illustration - The summary section provides an overview of your retirement assets, your retirement options, your income payments, as well as explanatory notes regarding the retirement illustration.

Details of projected assets - Your current assets will be projected to your retirement date. This component provides the details of your projected assets for each year from the current date to your retirement date.

Yearly income payment details - This section provides you with your opening balance, your gross and net income per payment frequency and your gross and net annual income for each year and plan.

Rate of return sensitivity analysis - This section allows you to get an idea of how a lower rate of return will affect your asset balance and income payments.

Income payment option analysis - This component allows you to analyse the minimum and maximum (LIF only) schedules to ensure the income payment type you have selected meets your specific needs.

Details
Allows you to view your gross and net income, at a glance, from one year to the next.

By clicking on a specific year, you will view the details of your payments for each month in that year.

Expected rate of return
The percentage gain that your investment is expected to generate.

We have used an expected return of 6% to estimate the long-term rate of return of a moderate portfolio. You may want to modify your expected return to be more in line with your investment strategy or to see the impact of the expected return on the value of your assets. Please exercise caution when selecting a rate of return and ensure that the rate is realistic. Our system does not allow you to enter a rate of return greater than 20%.

Important -
Rates of return vary by asset class and the asset allocation of a portfolio will largely determine the long-term results achieved. Long-term rates of return for a conservative portfolio might be in the range of 4% to 6% while an aggressive portfolio might produce returns of 8% to 10%. A moderate portfolio's return would likely fall somewhere in between - that is, from 6% to 8%.

Opening balance
The value of your assets at the beginning of each year.

Owner's age on January 1st
This column stipulates the age of the person for whom the illustration is produced (the "owner"), on January 1st of each year. This value is required to calculate the government prescribed minimum income, unless the spouse's date of birth was used as the basis for minimum.

Payment limits
Allows you to view the government prescribed minimum and maximum income (LIF only), at a glance, from one year to the next.

See Government prescribed minimum income and Government prescribed maximum income.

Province of taxation
The province to which your income tax is paid.

Spouse’s age on January 1st
This column stipulates the age of the spouse for whom the illustration is produced (the “owner”), on January 1st of each year. This column appears only if the basis elected for the government prescribed minimum income is the spouse’s age.

Year
This column begins with the year corresponding to the elected retirement date and ends, at the latest, with the year in which the "owner" (the person for whom the illustration is produced) reaches age 100.