This is a sample for Camille Tremblay (Ontario employee · first-time homebuyer). It does not overwrite your saved plan.
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Camille Tremblay's Ontario plan
Live panels from the same engine as the dashboard — tax stack, strategy trade-offs, and a corporation sample for Émilie Bouchard. Read-only; nothing is saved to this device.
Tax & take-home
Sample · Camille Tremblay · Ontario · 2026Read-only preview
Monthly income
$12,458
Total from all sources
Monthly expenses
$4,150
33.3% of income
Available to invest
$4,382
Monthly surplus after tax and expenses
Savings rate
51.4%
excellent
Total funds available
$50,000
canada: $50,000
Investment allocation
How your monthly surplus is being invested
Currently investing (affordable plan)$4,382
51.4% of income
Plan vs. reality
Where your actual portfolio differs from this plan.
2026 contribution room
rrspOver by $5,980/yr
Your planned RRSP contributions (~$26,909/yr) exceed estimated room (~$20,929) by ~$5,980. Cap contributions or verify room in CRA My Account.
Available ~$20,929Planned ~$26,909/yr
Financial health
Based on your savings rate and goal progress
Overall scoreStrong
Excellent financial discipline. You're on track for early financial independence.
Tax & take-home
Where gross income goes — the surplus above is what can be invested. Based on 2026 Ontario rules — every number is sourced.
Gross income$12,458/mo
Income tax−$3,445/mo
incl. Ontario Health Premium$750/yr
CPP + EI−$481/mo
Take-home (net)$8,532/mo
Expenses−$4,150/mo
After tax & expenses$4,382/mo
Investable surplus$4,382/mo
Marginal rate 43% · every $1 into RRSP/FHSA refunds ~43¢ in tax.
Recommended account order
Fill these in priority order to minimize tax. Amounts stay within estimated TFSA/RRSP room.
TFSA room left
$104,000 · $7,000 new in 2026
RRSP room left
$20,929 · cap $33,810 / 18% earned
1
Employer group-RRSP match
Capture the full employer match (50% on 4% of salary) — an instant guaranteed return.
$498/mo
+$2,573 refund/yr
2
FHSA
Best first-home account: deductible now and tax-free out for a qualifying first home.
$667/mo
+$3,442 refund/yr
3
RRSP
Deductible at your 43% marginal rate.
$1,744/mo
+$9,004 refund/yr
4
TFSA
Tax-free growth and withdrawals; flexible for any goal.
$1,473/mo
Total estimated tax refund: $15,019/yr — reinvest it to accelerate your goals.
Strategy
Sample · Mortgage vs invest · 2026Read-only preview
Pay down the mortgage, or invest?
Prepaying a mortgage is a guaranteed, tax-free return equal to its rate. Compare that to a risk-adjusted investment return — never a raw nominal one.
Lean toward paying down the mortgage
Mortgage rate (guaranteed, after-tax)4.50%
Investment return (after-tax)3.90%
Interest saved if you prepay$199,687
Payoff: base → accelerated25y → 10y
- Prepaying earns a guaranteed 4.50% (tax-free); investing offers a risk-adjusted 3.90% that is NOT guaranteed.
- Investing here uses registered room (no tax drag), but that room, once used on lower-conviction dollars, is gone for future higher-value contributions.
- Liquidity: money invested can be sold if you lose your job; money sunk into the house is locked behind a HELOC application or a sale.
- And then what? Prepaying clears the mortgage 14.7 years sooner and frees the monthly payment forever — but you spent those years house-rich and cash-poor, holding little liquid wealth while markets (may have) compounded without you.
Strategy comparison
Same surplus, different order of operations. "There are no solutions, only trade-offs."
| Strategy | Net worth (horizon) | Real | Interest paid | Mortgage-free | Liquidity |
|---|---|---|---|---|---|
| Invest firsthighest net worth | $3,180,503 | $1,900,603 | $325,042 | Year 26 | 87% |
| Balanced split | $3,052,943 | $1,824,375 | $121,319 | Year 11 | 86% |
| Goal-gated | $3,034,540 | $1,813,378 | $325,042 | Year 26 | 86% |
| Mortgage first, then invest | $3,012,894 | $1,800,443 | $75,488 | Year 7 | 86% |
…and then what?
Every strategy's second-order effects — the stage-two consequences.
Invest first
- Maximises time in the market (100% of contributions ride the market), but leaves the mortgage in place, paying interest the whole way.
- And then what? You build a large liquid portfolio (87% of wealth stays liquid) but a market drawdown near your horizon hits the full balance while the mortgage still demands its payment.
- Note: prepayment beyond the lender's annual privilege would trigger a penalty; any excess here was redirected to investing.
Balanced split
- Hedges the guaranteed-vs-risky bet 50/50 — neither the fastest payoff nor the biggest portfolio.
- And then what? You are never wildly wrong, but never optimal either; you pay more interest than "mortgage first" and hold less market upside than "invest first".
- Note: prepayment beyond the lender's annual privilege would trigger a penalty; any excess here was redirected to investing.
Goal-gated
- Keeps a near-term goal fully funded and liquid first (86% of wealth stays liquid), accepting taxable tax drag of $73,922 for that safety.
- And then what? The goal is safe, but the years spent in low-growth cash/taxable are years of registered-account compounding and shelter room you forgo.
- Note: prepayment beyond the lender's annual privilege would trigger a penalty; any excess here was redirected to investing.
Mortgage first, then invest
- Mortgage gone by year 7: interest paid drops to $75,488, a guaranteed return — but 83% of contributions ride the market, so early growth is modest.
- And then what? Once free, the whole payment flows into investing — but you spent the early years house-rich and cash-poor (86% of wealth stays liquid), missing compounding you can't get back.
Incorporated (Émilie Bouchard)
Sample · Émilie Bouchard · CCPC · 2026Read-only preview
Active business income
$400,000
Before corporate tax
Corporate tax
−$48,800
12.2% effective
After-tax retained
$351,200
Available to invest in the corp
Small-biz vs general
12.2% / 26.5%
Combined fed + provincial
How the income is taxed
The Small Business Deduction gives a low rate on the first $500,000 of active income — reduced if passive investment income is high.
Taxed at small-business rate (12.2%)$400,000
Taxed at general rate (26.5%)$0
Passive investment income (grinds the SBD limit)$25,000 → SBD $500,000
Salary vs dividends — the trade-off
Target take-home ≈ $66,000/yr. There is no single "best" mix — each buys and costs something different.
| Strategy | Salary | Dividends | RRSP room | Total tax | Net to you |
|---|---|---|---|---|---|
| Non-eligible dividends onlylowest tax | $0 | $72,442 | — | $16,508 | $66,000 |
| Salary = CPP ceiling (YMPE 74,600), rest dividends | $74,600 | $11,918 | $13,428 | $22,174 | $66,000 |
| Salary only | $88,697 | $0 | $15,965 | $22,697 | $66,000 |
| Salary to max RRSP room, rest dividends | $88,697 | $0 | $15,965 | $22,697 | $66,000 |
Non-eligible dividends only
- Creates $0 RRSP room and pays $0 into CPP — no forced retirement savings, so you must self-fund it.
- Skips CPP premiums entirely, which raises take-home now but lowers your future CPP pension.
- Simplest to administer (no payroll), but the corp bore small-business tax before you were paid.
Salary = CPP ceiling (YMPE 74,600), rest dividends
- Salary set to the CPP ceiling maximises the CPP pension you buy without over-paying salary tax.
- Still creates $13,428 of RRSP room; the rest arrives as lower-tax dividends.
- Retains ~$181,616 of deferred personal tax inside the corp.
- Pays full CPP up to the ceiling — forced savings some owners prefer to avoid.
Salary only
- Creates the most RRSP room ($15,965) — but only if you actually invest the refund.
- Forces $4,646 of CPP: a guaranteed inflation-indexed pension, yet also a cost you cannot get back.
- No corporate tax deferral: every dollar is pulled out and taxed personally this year.
Salary to max RRSP room, rest dividends
- Salary maxes RRSP room ($15,965) while dividends top up cash flow with no extra CPP.
- Balances forced CPP savings against flexibility — you still owe CPP on the salary portion.
- Leaves ~$187,996 of deferred personal tax working inside the corp.
- More admin than salary-only (payroll + T5), for a blended tax outcome.
Educational modelling only — not tax advice. Corporate tax, TOSI (income-splitting rules), and RDTOH are complex; confirm any strategy with your accountant.
Show your work
Sample · Calculation breakdown · 2026Read-only preview
Transparency
Show me your work
Every figure traced back to the exact arithmetic — with the government source behind each rate. See all sources.
Federal income tax
Progressive brackets, less the Basic Personal Amount credit.
14.00% bracket
$58,523 × 14.00%
$8,193
20.50% bracket
$58,522 × 20.50%
$11,997
26% bracket
$32,451 × 26%
$8,437
Basic Personal Amount credit
−($16,452 × 14.00%)
−$2,303
Federal tax
sum of the above
$26,324
Ontario income tax
Brackets and BPA, plus surtax and Health Premium.
5.05% bracket
$54,368 × 5.05%
$2,746
9.15% bracket
$54,369 × 9.15%
$4,975
11.16% bracket
$40,759 × 11.16%
$4,549
Ontario BPA credit
−($13,107 × 5.05%)
−$662
Surtax 20% over $5,818 of tax
($11,607 − $5,818) × 20%
$1,158
Surtax 36% over $7,446 of tax
($11,607 − $7,446) × 36%
$1,498
Ontario Health Premium
stepped by income (included in total tax)
$750
Ontario tax total
brackets − BPA + surtax + health premium
$15,013
Payroll deductions (CPP + EI)
Mandatory contributions withheld from pay.
CPP (base)
(min($149,496, $74,600) − $3,500) × 5.95%
$4,230
CPP2 (additional)
(min($149,496, $85,000) − $74,600) × 4%
$416
EI premium
min($149,496, $68,900) × 1.63%
$1,123
CPP + EI
sum
$5,770
Take-home & investable surplus
What's left after tax, CPP/EI, and living expenses.
Gross income
annual
$149,496
− Income tax
federal + Ontario
−$41,337
− CPP + EI
payroll
−$5,770
= Net (take-home)
gross − tax − payroll
$102,389
− Living expenses
$4,150/mo × 12
−$49,800
= Investable surplus
net − expenses
$4,382/mo
Estimates only — not financial advice. Figures use 2026 Ontario rules; verify against the official source before relying on them.
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Estimates only — not financial advice. Based on 2026 CRA / Service Canada rules.
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