Retirement Planning

Retirement Planning

How much do you need for retirement? Find out.

This is a MEGA HUGE topic. No matter your age, you need to figure out how much you need to be saving for retirement and map out the steps to get there.

At The New School of Finance, we specialize in comprehensive retirement planning for Canadians who want clarity, confidence, and control. We’re a 100% fee-only financial planning firm, which means we don’t sell products, earn commissions, or manage your investments. Our advice is unbiased, strategic, and tailored to your life.

Whether you're retiring solo, as a couple, or navigating income from self-employment or corporate dividends, we will help you build a plan that maximizes your retirement income and minimizes tax surprises.

What we help you optimize

 

RRSP to RRIF conversion timing

Should you be taking money from RRSPs before you need to convert to a RRIF? Avoid early clawbacks and optimize your withdrawal order for long-term tax efficiency.

GIS and OAS clawback mitigation

We model your income sources to preserve government benefits—even with rental, dividend, or corporate income.

 
 

CPP start age strategy

We help you decide when to take CPP based on your cash flow, longevity assumptions, and tax profile.

TFSA vs non-registered drawdown

Sequence withdrawals to reduce taxes and preserve flexibility.

 
 

Pension splitting and household coordination

For couples, we model joint strategies to reduce combined tax burdens and increase benefit eligibility.

Retirement Planning for Complex Lives

Do you/will you have enough to retire on? What should your rate of withdrawal be between your accounts to ensure it lasts?

 

We work with:

  • Sole proprietors and incorporated professionals

    Navigate retained earnings, salary vs dividends, and post-retirement cash flow.

  • Real estate investors

    Model rental income, capital gains, and mortgage payoff strategies.

  • Multi-entity households

    Coordinate income across corporations, trusts, and personal accounts to optimize benefits and minimize tax.

What makes us different

  • Fee-only means no sales pressure
    We don’t sell investments or insurance. Our only job is to give you great advice.

  • Flat-fee pricing
    Know exactly what you’re paying. No ongoing or AUM (assets under management) fees. No hidden costs.

  • Radical transparency
    We explain every recommendation, every assumption, and every number so you’re never left guessing.

Ready to plan?

Whether you’re just starting to think about retirement or already drawing income, we’ll go beyond basic projections to build a plan that works for your life. Book a retirement planning session with us and get:

  • A personalized retirement income strategy

  • GIS/OAS optimization modelling

  • RRSP/RRIF withdrawal sequencing

  • Tax-efficient drawdown plan

  • Actionable next steps

Prices

Individual starting at $1485 + GST/HST for complete Retirement Planning Package.
Couples starting at $1950 + GST/HST for complete Retirement Planning Package.

About our Prices

Ranges exist because often there are more complex financial circumstances that require more number crunching. For example, if you’re self-employed! Once you book, we will assess your needs and circumstances and provide you with a firm quote before we meet.

Additionally, if you book one of our COMBO sessions (i.e. personal financial session/investor consult) you will have a discounted fee that is made up of a combination of the two sessions.

You will ALWAYS know exactly what you will be paying beforehand. We are 100% transparent.

Book now
ServicesShannon Lee Simmons