banner5 easy steps

How It Works

1

Income

Input your current income sources, including your salary and any other additional income streams. Also, include any future sources of income, such as Canadian Pension Plan (CPP), Old Age Security (OAS), and employer pensions.

2

Investments

Provide the current balances for your Tax-Free Savings Account (TFSA), Registered Retirement Savings Plan (RRSP), and all non-registered investments, including stocks, bonds, and mutual funds.

3

Assets

In this step, you have the opportunity to Include any assets you would like to consider in your analysis, such as real estate, life insurance, business holdings, and more.

4

Expenses

Enter your annual after-tax household expenses along with any debts.

5

Select Strategy

Compass offers three optimization strategies: Max Value focuses on minimizing taxes, increasing estate value, and meeting annual expenses; Set Value aims to minimize taxes, achieve a set estate goal, cover expenses, and allow additional spending; Max Spend depletes estate value strategically while minimizing taxes and maximizing annual spending.

banner