Getting started with WealthPath
WealthPath helps you answer two questions: when can I retire? and will my money last once I do? You enter your income, savings, and spending; WealthPath projects your finances year by year — through your working years and then through retirement, including Canadian government benefits, taxes, and registered accounts.
It is built for Canada: it models CPP, OAS, GIS, RRSPs, TFSAs, RESPs, RRIFs, and locked-in accounts (LIRA/LIF), along with federal and provincial income tax.
How the app is organized
The sidebar groups everything into four areas:
| Area | What it's for |
|---|---|
| Dashboard | Your at-a-glance summary — are you on track, and when can you retire. |
| Plan inputs | Everything you enter about your finances: income, expenses, assets, debts, and contributions. |
| Cash Flow | A year-by-year view of money in and out, including contribution room. |
| Projection | The core year-by-year forecast of your net worth and retirement drawdown. |
| Scenarios · Monte Carlo · Saved Results | Tools to compare "what-ifs", stress-test against market randomness, and save a forecast to look back on. |
| Profile | Your personal details and settings — including your province, which drives tax. |
Set up your plan
You don't have to do everything at once — even a basic plan produces a projection you can refine later.
- Fill in your Profile. Set your date of birth, your target retirement age, and your province of residence (this is what tells WealthPath which tax rules to apply). If you're planning as a couple, add your partner here too.
- Add your income on Plan inputs. Include your employment income today, and add CPP and OAS as separate retirement income sources — see the CPP & OAS guide for how start age changes your benefit.
- Add your assets. RRSP, TFSA, non-registered accounts, and — if you're saving for a child's education — an RESP.
- Add your expenses, both what you spend now and what you expect to spend in retirement. Retirement expenses are treated as an after-tax spending target.
- Add any debts (mortgage, loans) so they're reflected in your net worth and cash flow.
Once those are in, open Projection to see your year-by-year forecast.
Refine and stress-test
- Scenarios let you compare alternative plans side by side — a different retirement age, a different withdrawal strategy.
- Monte Carlo runs your plan against hundreds of random market sequences so you can see the range of outcomes, not just the average.
- Saved Results capture a projection at a point in time so you can compare your plan today against an earlier snapshot.
Where to go next
- New to Canadian retirement benefits? Start with CPP & OAS.
- Want to understand the retirement drawdown? See How WealthPath models retirement drawdown.
- Curious how tax is handled? See How WealthPath handles taxes.
- Wondering where our figures come from? Read how we source our numbers.
WealthPath is a planning and projection tool, not personalized financial, tax, or investment advice. See the FAQ for more.