This is why it is so popular with financial consultants. This is the same as having two accountants prepare a tax return. Insurance Applications RRIFmetic is ideally suited for the insurance profession. Also, full life expectancy tables are built into the model. If you're seriously into retirement planning, yes.
Income tax includes all federal and provincial surtaxes, clawbacks, etc with no approximations .
Term, Universal Life , disability insurance, capital needs analysis. Allows you to vary interest rates over time. Differentiates between Registered and non-registered rates. Tax on non-registered funds can be split between interest, capital gains and dividend income . CPI and Personal Inflation Rate.