Disability Insurance Needs Calculator

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Partner's income ($)

Enter any income that your partner can provide

Government sources ($)

Enter benefits from Worker's Compensation, Employment Insurance, or CPP Disability benefits.

Existing disability insurance coverage ($)

Enter the total amount of coverage you have through group and private disability insurance plans.

Investments ($)

Income from investments returns or from sale of investment, real estate, or business assets.

Emergency savings ($)

If you have emergency savings set aside, enter these here.

RRSP withdrawals ($)

These may be a last resort as withdrawals are taxable and have a negative impact on your retirement fund.

Other ($)

Housing ($)

Include all housing costs such as mortgage, rent, utilities, property taxes, repairs, furnishings. The average Canadian expense is $2,148.

Transportation ($)

Include all vehicle (fuel, financing, insurance, repairs) and commuting costs). The average Canadian expense is $1,059.

Food ($)

Include amounts spent at grocery stores, restaurants, and on alcohol and tobacco. The average Canadian expense is $835.

Insurance/Pensions ($)

Include insurance premiums and contributions to RRSPs, TFSAs, and RPPs. The average Canadian expense is $428.

Recreation

The average Canadian expense is $332.

Health care ($)

Include amounts spent on health care and personal care. The average Canadian expense is $323.

Clothing ($)

The average Canadian expense is $286.

Gifts/charity ($)

Include gifts of money, support payments, and charitable contributions. The average Canadian expense is $185.

Miscellaneous ($)

The average Canadian expense is $165.

Education ($)

The average Canadian expense is $161.

Additional Notes

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