Quick Entry Form

Using this form will not only complete your profile and that of your spouse, but also automatically add a Non-registered account, a registered account (RRSP or RRIF), and a TFSA for each spouse. It will also add entries for Pre-retirement and Post-retirement INCOMES and EXPENSES, and to AUTOMATIC SAVINGS as appropriate. This is to get you started faster by providing templates and placeholders for some basic data entries. You will be able to add to, modify, and refine later. Information on this page must be filled in for the site to work.

As explained in our Privacy Policy, we do not share your data with anyone.

As explained in our Security Policy, we keep your data safe.

A simple checkbox indicates whether to include a spouse, in that case, information will be needed for both of you. A spouse will have most of the same properties as the main user. They can hold ACCOUNTS and INVESTMENTS, INCOMES, EXPENSES, etc. You will then be able to hold joint ACCOUNTS with your spouse, and we also allow joint expenses and some joint INCOMES. This will become clearer when we get to those sections, below. The TIME MACHINE will also consider both spouses in tax calculations, calculate spousal credits, and transfer credits when allowed. It will also do pension income splitting where appropriate. You can only have one spouse.

The form requires you to enter your year and month of birth, your birthday will be set to today. We do this for your privacy and security. This birthdate cannot be changed later. If you need to change your birthdate, contact us. Birthdate and province are required, in order to estimate taxes and pensions accurately.

A retirement date (future or past) is also required. We again ask your age and convert it to a date. The retirement date can be changed at any time, and as we will see later, you will be able to indicate to use that date in entering INCOMES, EXPENSES, and REVENUES, and the start or end date of those entries will be automatically adjusted to reflect the date you enter in LIFE EVENTS.

You can check the box to indicate if you are eligible for the Disability Tax Credit.

In another box you can indicate if you contributed to U.S. Social Security. If checked, for either you or your spouse, an additional menu item in the left-hand navigation menu where you can enter additional information such as when you started or want to start benefits, and it will require entering your earnings table(s). Uncheck the box for both spouses to ignore U.S. Social Security, but any information entered will not be lost and you can add it back by checking the box again.

We ask for an estimate of the average over your career until now, what proportion of the maximum CPP/QPP contributions have you made (percent). This will fill in an approximate CPP/QPP contributions table. For more accurate CPP/QPP calculations, you will be able to enter your actual contributions in the CPP/QPP/OAS tab.

Then unless you have already retired, you will be asked for your before-tax annual income from all sources before retirement. Your before-tax annual income AFTER retirement should not include CPP/QPP/OAS/SS or account growth or account withdrawals, as these will all be calculated by the TIME MACHINE. This will add INCOME entries under that tab, and you can modify and add additional entries specifying the income source and start and end dates.

You will be asked for your expected yearly spending AFTER retirement. This will add an entry in EXPENSES, which again you will be able to refine and add to. At this stage, we don't ask for your spending BEFORE retirement, as for now we will assume all income not saved is spent, so an entry in EXPENSES will also be added for pre-retirement spending (unless you are already retired).

Your account balances and yearly contributions to those accounts before retirement comes next. The 3 types of accounts (Non-registered, Registered, and TFSA) will be created in ACCOUNTS and INVESTMENTS. Each account will be set up with a `Portfolio' investment, with the long-term growth rate you specify, and with asset allocation to Fixed-Income/Equities/Cash you specify.

Lastly, another checkbox asks whether to add a CCPC. A Canadian-Controlled Private Corporation applies to small business owners and certain self-employed professionals. We allow one CCPC per person/couple. If you have a small business and check this box, you will see two additional menu items in the left-hand navigation menu.