Well let’s face it we all need help once in a while. Here is a list of some useful links to help you to retire early too.
Taxes
Your one stop for reading just about everything there is to know about Canadian Taxes is Taxtips.ca.
Government of Canada
- Old Age Security (OAS) - Free money when you turn 65, provided you qualify.
- Canada Pension Plan (CPP) - You can start collecting it at 60, but you get less than at 65.
- Canadian Retirement Income Calculator - Let’s you estimate your CPP and OAS benefits including what happens when your retire early.
Books to Read
Well there is so many useful ones out there. For all the ones I have reviewed see Book Reviews or the Book Shelf.
Calculators
There are various ones out there, some are better than others depending on what you are trying to simulate. Some of the ones I’ve like (beyond the government one above) are:
- FIRE Cal
- Pension Puzzle Calculator - One of the best out there, so much so I stopped working on my own.
- Cross Over Play - My own basic calculator to find when you hit financial independence.
Mortgage
Let’s face it if you can pay off your mortgage sooner you can typically retire early. So with that in mind I like using this calculator. Mainly because you can run three simulations side by side (Make sure to click on Term to make sure you are entering that parameter correctly).
More Help
Additionally if you want to search some of the best Canadian PF blogs out there use this search tool or see this page for more useful items.
If you have other resources or tools you like please leave a comment and share with everyone.
3 Comments to this entry.
Hey Tim, I’d like to recommend a few resources:
I really love all of the calculator’s at “DinkyTown”, they have a whole section that are Canadian specific:
http://www.dinkytown.net/java/ca.html
But in particular I like their very comprehensive mortgage calculator which takes all housing expenses into account when figuring out what you can really afford:
http://www.dinkytown.net/java/CAMortgageQualifier.html
I also really like the very simple Income tax estimator which can quickly give you a good idea of how much tax you will have to pay when you adjust your income and deductions:
http://www.walterharder.ca/T1.html
There is a more advanced tax estimator also from TaxTips.ca
http://www.taxtips.ca/calculators/taxcalculator.htm
I’d also recommend people subscribe to the free daily Dave Ramsey Podcast. It’s not a tool, and it is American based, but I find it to be a very good resource for practical financial advice on simply living within your means and not going into debt.
It’s in iTunes podcasts or
http://www.daveramsey.com/media/audio/podcast/podcast_itunes.xml
I also use Microsoft Money to track my spending, and make my budget.
http://www.microsoft.com/money/
or there is also an older stripped down Canadian version:
http://www.microsoft.ca/money/
Cheers, Jordan
Just found another useful resource, a Canadian coupon site. Select some coupons and have them mailed to you. If you’re buying the products anyways, why not.
http://www.save.ca/
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