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Cash Flow Calculator

Estimate your total cash flow by entering your current income and expenses – then, work with an MD Advisor to determine how to best utilize your cash flow and achieve your financial goals.

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  • Your gross pay (before income tax), not including pension or Employment Insurance (EI) deductions.
    Your gross pay (before income tax), not including pension or Employment Insurance (EI) deductions.

    This field may also include contributions your employer makes to registered pension plans and group registered retirement savings plans (RRSPs), allowances for automobile costs, professional and union dues, tuition and training costs, group life insurance and short/long-term disability insurance.
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  • Any additional pay you receive from work outside of your base salary, not including pension or EI deductions. This should also not include any dividends, allowances, benefits, or contributions your employer makes to a registered pension plan or group RRSP.
    Any additional pay you receive from work outside of your base salary, not including pension or EI deductions. This should also not include any dividends, allowances, benefits, or contributions your employer makes to a registered pension plan or group RRSP.
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  • Any dividends you receive from work.
    Any dividends you receive from work.
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  • Pension income All gross pay (before income tax) you receive from pension and government benefit programs.
    All gross pay (before income tax) you receive from pension and government benefit programs.
    Total pension income: Total: $
  • A set amount of pension pay you receive in retirement from a previous employer based on your earnings history, term of service and age. This differs from a Defined Contribution Pension Plan, where your pension pay is determined based on individual investment returns.
    A set amount of pension pay you receive in retirement from a previous employer based on your earnings history, term of service and age. This differs from a Defined Contribution Pension Plan, where your pension pay is determined based on individual investment returns.
    $
  • Pay you receive from the Government of Canada in retirement, based on the number of years you have lived in Canada after the age of 18.
    Pay you receive from the Government of Canada in retirement, based on the number of years you have lived in Canada after the age of 18.
    $
  • Pay you receive from the Canada Pension Plan (CPP) and/or Quebec Pension Plan (QPP) if you retire or become disabled and unable to work.
    Pay you receive from the Canada Pension Plan (CPP) and/or Quebec Pension Plan (QPP) if you retire or become disabled and unable to work.
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  • Investment income All money you receive from investments (before income tax).
    All money you receive from investments (before income tax).
    Total investment income: Total: $
  • Any interest you earn on investments.
    Any interest you earn on investments.
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  • Any dividends you receive from investments, not including dividends you receive from your employer.
    Any dividends you receive from investments, not including dividends you receive from your employer.
    $
  • Any gains you realize on the sale of an investment, including any investment properties you have sold, and/or any capital gains mutual fund distributions you received during the year.
    Any gains you realize on the sale of an investment, including any investment properties you have sold, and/or any capital gains mutual fund distributions you received during the year.
    $
  • Any income you receive from a Registered Retirement Income Fund or Life Income Fund.
    Any income you receive from a Registered Retirement Income Fund or Life Income Fund.
    $
  • All income you receive from rental properties you own.
    All income you receive from rental properties you own.
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  • Miscellaneous income Any money you receive from sources not listed above (before income tax).
    Any money you receive from sources not listed above (before income tax).
    Total miscellaneous income: Total: $
  • Pay you receive from the Government of Canada through the Employment Insurance (EI) program. EI is paid to you if you become disabled, lose your job, or take time off for maternity/parental leave.
    Pay you receive from the Government of Canada through the Employment Insurance (EI) program. EI is paid to you if you become disabled, lose your job, or take time off for maternity/parental leave.
    $
  • Pay you receive from your provincial workplace safety and insurance board in the event that you are injured on the job. Compensation may include wage replacement and medical benefits. Workers’ compensation is funded by the employer, and is often provided if employees decline the right to sue their employer for negligence.
    Pay you receive from your provincial workplace safety and insurance board in the event that you are injured on the job. Compensation may include wage replacement and medical benefits. Workers’ compensation is funded by the employer, and is often provided if employees decline the right to sue their employer for negligence.
    $
  • Pay you receive from your former spouse to support you and your children’s living expenses.
    Pay you receive from your former spouse to support you and your children’s living expenses.
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  • Source deductions All expenses related to your work, pension and government retirement income programs.
    All expenses related to your work, pension and government retirement income programs.
    Total source deductions: Total: $
  • Your contributions to the CPP and/or QPP programs.
    Your contributions to the CPP and/or QPP programs.
    $
  • Your contributions to EI.
    Your contributions to EI.
    $
  • Your contributions to your employer’s DBPP.
    Your contributions to your employer’s DBPP.
    $
  • Any union dues you owe.
    Any union dues you owe.
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  • Any expenses you cover that are then reimbursed to you by your employer, such as automobile costs, tuition, travel and training costs.
    Any expenses you cover that are then reimbursed to you by your employer, such as automobile costs, tuition, travel and training costs.
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  • Family & living All living expenses, including additional costs your dependants may have.
    All living expenses, including additional costs your dependants may have.
    Total family & living: Total: $
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  • Transportation All expenses related to transportation, including vehicles you may own or lease, as well as public transportation
    All expenses related to transportation, including vehicles you may own or lease, as well as public transportation
    Total transportation: Total: $
  • The total amount you owe on your car loan or lease, not including interest.
    The total amount you owe on your car loan or lease, not including interest.
    $
  • The amount you pay for your car loan or lease.
    The amount you pay for your car loan or lease.
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  • Accommodation All expenses related to your home, including rent, mortgage payments and utilities not listed in the “Family and living” section above.
    All expenses related to your home, including rent, mortgage payments and utilities not listed in the “Family and living” section above.
    Total accommodation: Total: $
  • The amount you pay if you are renting one or more properties.
    The amount you pay if you are renting one or more properties.
    $
  • The amount you pay back to your mortgage(s) if you own one or more properties.
    The amount you pay back to your mortgage(s) if you own one or more properties.
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  • Additional fees and expenses you may be required to pay, such as condominium maintenance fees, waste collection, repairs and renovations.
    Additional fees and expenses you may be required to pay, such as condominium maintenance fees, waste collection, repairs and renovations.
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  • Additional expenses you may choose to incur, such as non-emergency renovations, interior decorating, landscaping, or costs related to other recreations such as pools and hot tubs.
    Additional expenses you may choose to incur, such as non-emergency renovations, interior decorating, landscaping, or costs related to other recreations such as pools and hot tubs.
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  • Personal expenditures Expenses such as life insurance, personal loans, dining out, and charitable donations.
    Expenses such as life insurance, personal loans, dining out, and charitable donations.
    Total personal expenditures: Total: $
  • The amount you pay back for personal loans and lines of credit.
    The amount you pay back for personal loans and lines of credit.
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  • The amount you pay for insurance, not including car and home insurance. This may include life, health and disability insurance plans.
    The amount you pay for insurance, not including car and home insurance. This may include life, health and disability insurance plans.
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  • Any fees you owe to maintain certifications and other dues related to your profession (not including union dues).
    Any fees you owe to maintain certifications and other dues related to your profession (not including union dues).
    $
  • Any fees you owe for club memberships not related to or required by your profession.
    Any fees you owe for club memberships not related to or required by your profession.
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  • Savings & reinvestment All money set aside in savings and registered investment accounts (e.g., Registered Retirement Savings Plans, Registered Education Savings Plans, etc.).
    All money set aside in savings and registered investment accounts (e.g., Registered Retirement Savings Plans, Registered Education Savings Plans, etc.).
    Total savings & reinvestment: Total: $
  • The amount you contribute to your Registered Retirement Savings Plan.
    The amount you contribute to your Registered Retirement Savings Plan.
    $
  • The amount you place into a registered or non-registered savings account. This may include contributions you make to a Tax-Free Savings Account.
    The amount you place into a registered or non-registered savings account. This may include contributions you make to a Tax-Free Savings Account.
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  • The amount you’ve received from investments that you have reinvested.
    The amount you’ve received from investments that you have reinvested.
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  • The amount you pay back on a loan you’ve received for the purpose of investing. This should not include loans you’ve received to invest specifically through an RRSP.
    The amount you pay back on a loan you’ve received for the purpose of investing. This should not include loans you’ve received to invest specifically through an RRSP.
    $
  • The amount you pay back on a loan you’ve received for investing through an RRSP.
    The amount you pay back on a loan you’ve received for investing through an RRSP.
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Total cash inflow:
Total cash outflow:
Unallocated cash flow:
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Assumptions
This calculator allows for contributions that may exceed the annual maximum contribution limits for registered accounts set by the Canadian government, to accommodate those who have additional contribution room carried over from previous years. When using this calculator and planning for future contributions, please ensure that you do not exceed your personal contribution limit.

All dollar amounts listed above should be considered before tax.

All dollar figures are in Canadian funds, and this calculator does not have functionality to account for foreign exchange.

This calculator rounds to the nearest dollar.

Disclaimer
The information presented here is not intended to offer foreign or domestic taxation, legal, accounting or similar professional advice, nor is it intended to replace the advice of independent tax, accounting or legal professionals. Incorporation guidance is limited to asset allocation and integrating corporate entities into financial plans and wealth strategies. Any tax-related information is applicable to Canadian residents only and is in accordance with current Canadian tax law including judicial and administrative interpretation. The information and strategies presented here may not be suitable for U.S. persons (citizens, residents or green card holders) or non-residents of Canada, or for situations involving such individuals. Employees of the MD Group of Companies are not authorized to make any determination of a client’s U.S. status or tax filing obligations, whether foreign or domestic. MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. MD Financial Management Inc. is owned by the Canadian Medical Association.

Banking products and services are offered by National Bank of Canada through a relationship with MD Management Limited. Credit and lending products are subject to credit approval by National Bank of Canada.

Insurance products are distributed by MD Insurance Agency Limited, a CMA company. All life-licensed MD employees have life licences with MD Insurance Agency Limited, a CMA company.

Estate and trust services are offered through MD Private Trust Company, a CMA company.