Estimate Your CPP, OAS, GIS & Allowance Income
Use this educational calculator to estimate potential government retirement income in Canada. Final amounts are determined by Service Canada.
Estimated Monthly Income
Understanding Your Benefits
Age 60–64: You may receive CPP if started. OAS and GIS generally do not begin until age 65.
Widowed age 60–64: You may qualify for the Survivor Allowance if income and residency rules are met.
Spouse age 60–64: You may qualify for the Allowance if your spouse receives OAS and GIS.
Age 65+: OAS may begin, and GIS may apply for lower-income seniors. Allowance and Survivor Allowance generally stop at age 65.
Simple Example: Widowed Person Age 64 vs. Age 65
At Age 64
A widowed person with low income may receive CPP and Survivor Allowance.
- CPP: $600/month
- OAS: $0
- GIS: $0
- Survivor Allowance: up to $1,682/month
At Age 65
The Survivor Allowance generally stops. OAS and GIS may begin.
- CPP: $600/month
- OAS: up to $743/month
- GIS: up to $1,110/month
- Survivor Allowance: $0
What’s Missing From Your Retirement Income?
Government benefits are only one part of retirement income. Use this section to estimate whether there may be a monthly income gap.
Potential Sources of Retirement Income
Your retirement income may come from several sources in addition to CPP, OAS and GIS. Estimate how other income sources could help close your retirement income gap.
Needs Planning
0% of desired retirement income funded
Retirement Readiness Guide
This score compares your estimated retirement income against your desired retirement income goal.
Income goal fully achieved or exceeded.
Very close to your retirement income goal.
Minor adjustments could strengthen your plan.
Additional retirement income planning is recommended.
A comprehensive retirement income strategy is strongly recommended.
Your Retirement Snapshot
A quick overview of your projected retirement income compared with your desired monthly income.
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Retirement Income Drawdown Premium V2.4
Estimate how long retirement assets may last, coordinate portfolio withdrawals with CPP, OAS, pensions, and other income, compare sequence-of-return scenarios, and identify potential income-sustainability risks.
Retirement Income Inputs
Enter the retirement assets, income, withdrawal, inflation, and return assumptions.
Investment strategy
See where you are.
Choose where to go.
Enter the dollar value of what you own today. The tool converts those holdings into percentages automatically, so you can compare them with a recommended target.
Today
Current Portfolio
Recommended
Target Portfolio
Simple guide
Four steps. One clear comparison.
Enter current values
Type the current dollar value for each asset category. Enter zero when the client does not own that category.
Review the percentages
The current portfolio total and percentage allocation are calculated automatically as you type.
Set the target
Enter the recommended percentage for each category. The target should add up to exactly 100%.
Compare the mix
Use the two charts to discuss how the proposed portfolio differs from the client’s current holdings.
Illustrative planning tool only. A recommendation should reflect the client’s objectives, time horizon, risk tolerance, and circumstances.
Reference portfolios
Four model portfolios.
Illustrative reference points—not automatic recommendations.
Preserve
Conservative
Stabilize
Balanced
Accelerate
Advanced
Maximize
Aggressive
Model portfolios are provided for comparison and education. Confirm suitability before using any allocation as a recommendation.
Start With Your Financial Wellness Snapshot
Answer a few focused questions and receive an educational snapshot of your financial readiness across protection, retirement, investments, cash flow, estate planning and tax planning.
- ✓ Personalized score
- ✓ Suggested focus areas
- ✓ Confidential and educational
- ✓ No obligation
Your Financial Starting Point
Complete the assessment in just a few minutes.
Start My Wellness CheckSee Your Financial Future Before You Retire
Retirement planning is about more than reaching a savings target. Explore the kinds of personalized projections that can bring your retirement income, investments, taxes, CPP, OAS, real estate, insurance and estate objectives together in one coordinated picture.
Start on This Page
Discover how coordinated financial planning can help bring greater clarity to your retirement decisions.
Explore Retirement Projections
See examples of the income, taxation, cash-flow, net-worth and estate projections that may be considered.
Visit the Financial Planning Centre
Learn how retirement planning fits within a broader, coordinated financial strategy.
Begin With a Clarity Session
Discuss your goals, questions and priorities during a no-obligation 15-Minute Clarity Session.
A personalized 60-minute planning conversation to review your goals, identify opportunities, and build a clearer roadmap for your financial future.
Why Choose a Strategy Session?
Go beyond quick answers. Get a comprehensive conversation focused on your life, your goals, and your next steps.
Holistic Perspective
We look at your full financial picture, not just one piece.
Identify Opportunities
Uncover gaps, risks, and planning opportunities you may be missing.
Personalized Strategy
Receive guidance tailored to your unique situation and priorities.
Confident Decisions
Make informed choices with clarity and support you can trust.
What We’ll Cover
Every session is personalized, but here are common areas we may address.
Ready to Build Your Roadmap?
Select a convenient time to schedule your 60-minute strategic planning session.
Comprehensive • Confidential • Personalized
No obligation. Just clarity.
Frequently Asked Questions
💬 What is a Strategy Session?
It is a focused 60-minute conversation to review your goals, current situation, and planning opportunities.
👤 Who is this session for?
It is ideal for individuals, families, professionals, retirees, and business owners who want a deeper planning conversation.
📌 Is there a cost?
This can be used as an introductory strategic planning conversation. You can decide next steps after the session.
📝 How should I prepare?
Bring your questions, goals, concerns, and any key financial details you would like to discuss.
What Happens Next?
A simple, guided process from start to finish.
Schedule
Choose a time that works best for you.
Consultation
Meet for a focused 60-minute strategy session.
Strategy Plan
Receive personalized direction and recommendations.
Take Action
Move forward at your pace with support.
Ready to Start?
Take the first step toward a clearer financial future. No obligation — just thoughtful advice tailored to you.
Protect • Grow • Preserve
Guiding Your Financial Journey with Trust & Clarity.
What Could Your Savings Provide in Retirement?
Explore how your current savings, ongoing contributions, investment return and retirement timeline may shape your future portfolio and potential retirement income.
- ✓ Project your future savings
- ✓ Estimate retirement income
- ✓ Compare inflation-adjusted values
Gain confidence before making
your next financial decision.
Whether you’re planning for retirement, investing for the future, protecting your family, or simply looking for greater financial clarity, every successful plan begins with one conversation.
Choose how you’d like to get started:
Choose Your Planning Journey
Select the planning area that best matches your current needs and begin with a focused, confidential assessment.
Every form is interactive, confidential, and followed by a personalized review from Green Mountain Financial Services Inc.
Partners & Carriers We Work With
Independent access to multiple leading insurers across Canada.
Visit Assumption Life
Visit Foresters Financial
Visit Humania Assurance
Visit Canada Protection Plan
Visit Industrial Alliance
Visit Sun Life Financial
Visit Desjardins Financial Security
Visit Canada Life
Visit Empire Life
Visit RBC Insurance
Visit Equitable Life of Canada
Visit Manulife Financial
Visit Beneva Insurance
Visit Green Shield Canada
Visit Assumption Life
Visit Foresters Financial
Visit Humania Assurance
Visit Canada Protection Plan
Visit Industrial Alliance
Visit Sun Life Financial
Visit Desjardins Financial Security
Visit Canada Life
Visit Empire Life
Visit RBC Insurance
Visit Equitable Life of Canada
Visit Manulife Financial
Visit Beneva Insurance
Visit Green Shield Canada