Monthly Gross Income

Gross income is needed by the platform in order to run accurate income tax and benefit calculations.

In this section you will include:

You will not include:  

  • Future CPP/OAS Income: If you have not started your CPP/OAS benefits we will gather information for this benefit in the Discovery Phase > Tax and Benefits Section.
  • Pension Income: this will be added later in the Discovery > Tax & Benefits section.
  • Investment Income (RRIF/RRSP/Non Registered/TFSA, etc): dividends, interest and other investment draws will be automatically calculated by the platform and shown in the Planning > Projection Section

Frequency Drop Downs:

All fields can be set to a specific frequency. This helps capture income/deduction sources with different frequencies.  

  • /A = Per Annum
  • /SM = Per Semi-Annum (2x per year)
  • /Q = Per Quarter
  • /M = Per Month
  • /SM = Per Semi-Month (2x per month)
  • /BW = Per Bi-Weekly
  • /W = Per Weekly

Pre-Retirement? Use Your Paystub

If you're still working, we recommend completing the Monthly Gross Income section using your most recent paystub. The paystub you use should represent your typical earnings. In this example below we would use $2,375 as gross income if this overtime represents the average overtime received.

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