Disclaimer

General disclaimer

The Retirement Beast (“we,” “us,” or “our”) provides the information, tools, and calculators on theretirementbeast.ca (the “Website”) for general informational and educational purposes only. Nothing on this Website should be construed as financial, legal, tax, investment, or insurance advice.

Not a licensed advisor

The Retirement Beast is not a registered investment dealer, portfolio manager, insurance agent, or tax preparer. We do not provide personal recommendations, manage assets, or guarantee any benefit entitlement from Service Canada, CRA, or any pension plan.

Estimates only

CPP, OAS, GIS, tax, RRIF, and projection outputs are estimates based on user inputs and published rules. Official determinations are made solely by the relevant government agency or plan administrator. Always verify figures with Service Canada and CRA statements and calculators.

Modelling assumptions

Engine modules flag modelling choices with // ASSUMPTION: comments. Key assumptions include (and will expand as the engine ships):

• Capital gains inclusion rate modelled at 50% (confirm current law)
• TFSA cumulative room assumes lifelong Canadian residency eligibility unless you override contribution history
• Default inflation and investment returns are user-editable assumptions, not forecasts
• Quebec provincial tax is approximated (federal only for the provincial portion); ON/AB/BC use published brackets, surtax, and OHP where applicable. QC users see an on-tool warning.
• OAS and GIS maximums update quarterly — confirm the active quarter
• GIS uses a simplified phase-out, not the full Service Canada tables
• QPP timing factors currently mirror CPP until separate tables land
• Non-registered withdrawals tax only the capital-gain portion (adjusted cost base tracked; default starting ACB ≈ 70% of market value unless set per account)
• Federal pension income amount applies only to RRIF minimums (and other explicitly eligible pension), not RRSP lump sums or non-reg draws
• CPP and OAS estimates are held in today's dollars until the start age you choose, then inflated with your inflation assumption — younger users will see lower nominal benefits than a full wage/CPI run-up to 65
• Pre-retirement savings are modelled as RRSP contributions by default
• Federal age amount, Ontario surtax/OHP, and provincial dividend credits are versioned in annual constants; provincial BPA is still approximated as federal BPA × lowest provincial rate
• Monte Carlo draws an independent return each year per path so sequence- of-returns risk is modelled; it does not cover longevity, policy, or health-cost risk
• Estate/terminal tax on registered accounts is simplified when shown

Automated and manual cross-checks are tracked in lib/retirement/__tests__/fixtures/cross-validation.md.

No warranty

Tools are provided “as is” without warranty of accuracy, completeness, or fitness for a particular purpose. You are solely responsible for decisions made using this Website.