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Budget Assistant Tool
Your Monthly Income and Expenses Summary
Monthly
Income
Home
Equity
Housing
Expenses
Home
Maintenance
Food and
Entertainment
Transportation
Results
Your Monthly Income
GOVERNMENT BENEFITS
CPP/QPP (Canada/Quebec Pension Plan)
Old Age Security (OAS)
Guaranteed Income Supplement (GIS)
Post-Retirement Benefit, Disability Benefit & Other Government Benefits
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Post-Retirement Benefit
If you continue to work while receiving your CPP retirement pension, your CPP contributions will go toward post-retirement benefits, which will increase your retirement income.
FUNDS FROM YOUR RETIREMENT SAVINGS
Registered Retirement Savings Plan (RRSP)
Registered Retirement Income Fund (RRIF)
Life Income Fund (LIF) & Locked-In Retirement Income Fund (LRIF)
Dividends, Interest, Capital Gains From Your Investments And Other Annuities
Company Pension Income
Employment Income
OTHER SOURCES OF INCOME
Rental Income
Other (Alimony Payments, Trust Fund Income, Royalties)
Estimated Total Income
Your Home Equity
Will you be selling your home?
Estimated Additional Monthly Investment Income from Sale of Home
Estimated Total Monthly Income (Total Income + Investment Income from Sale of Home)
Your Monthly Housing Expenses
Mortgage
Rent
Condo Fees
Property Taxes
UTILITIES
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Utilities
The vast majority of our properties have utilities included in the base rate.
Gas/Fuel Oil
Electricity
Water & Other Utilities
What is your estimated monthly home insurance premium?
Less: Tenant insurance
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Tenant Insurance
Tenant Insurance is a requirement of the lease agreement. This insurance covers your personal possessions against losses caused by fire, smoke damage, water damage, vandalism, theft, and many additional perils. The annual premium is $120.
Estimated Home Insurance Expense Savings
Estimated Housing Expense Savings
Home Maintenance and Repairs
Lawn care (grass cutting, weeding, re-seeding, etc.)
Landscaping and gardening (plants, flowers, ponds, tree trimming, etc.)
Snow removal
Security monitoring fees
Window cleaning
Garbage collection
Roof (replace loose shingles, chimney cleaning, etc.)
Furnace (inspection, replace filters, duct cleaning, etc.)
Air conditioning (inspection, clean/replace filters, coils and fins, etc.)
Appliances
Emergency repairs (frozen pipes, sewer backup, etc.)
Other maintenance (gutter & eaves trough cleaning, re-paint/repair driveway, replace batteries on smoke, carbon monoxide and radon detectors, replace weather stripping around doors and windows, re-caulk foundation seams to fill holes and cracks, etc.)
Other
Estimated Home Maintenance Savings
Food and Entertainment
FOOD
On average, how much do you spend on food each month?
At Chartwell, we offer several meal options. Which meal plan would you be interested in?
Amount you still need to spend on meals that won't be in your plan
Estimated Food Expense Savings After Purchasing Chartwell Meal Plan
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Estimated Food Expense Savings
Food expense savings are based on Chartwell's unit cost % for breakfast, lunch and dinner. For example, by choosing 3 meals per day you will have approximately 100% savings concerning food costs; 2 meals per day represent approximately 80% savings; no meals represent 0% savings.
ENTERTAINMENT
Do you anticipate you will save on your own recreational and social activities if you participate in the programs we offer? If you do, please input your anticipated savings here.
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Activities Offered at Chartwell
For residents who love to be active, there's never a lack of things to do. At Chartwell, we offer a range of unique programs and activities in recognition that our residents are diverse individuals with varying interests and abilities. Our programs are focused on engaging residents physically, socially, intellectually, emotionally and spiritually and include vocational pursuits. They take place on-site and in the community and may include activities such as:
- Fitness Center
- Yoga, Laughing Yoga
- Meditation
- Zumba
- Physiotherapy
- Church Service, Prayer & Reflection
- Movie and Popcorn Night
- Book Club
- Drama Club
- Knitting Club
- Computer Class (Google, Email)
- Horticulture Therapy (Gardening)
- Baking and Cooking
- Woodworking
- Games (Bingo, Billiards, Bridge, Poker, Scrabble, Trivia, Crosswords)
- Outdoor Games (Bowling, Horseshoes, Bocce Ball)
- Social Events and Outings (Wine & Cheese/Cocktail Hour, Casino, Beach, Parks, Shopping Mall)
- Wii Games (Wii Fit, Golf, Guitar Hero, Bowling, Just Dance, etc.)
- Arts and Crafts (Scrapbooking, Painting, Drawing, Sketching, Ceramics, Pottery)
- Floral Arranging
Estimated Living Expense Savings (Food & Entertainment)
Your Transportation
At many of our homes, we offer transportation services, such as a shuttle service which can take you where you need to go. Imagine being able to get around town without the hassle of driving or looking for parking!
With this in mind, would you consider selling your vehicle?
Your Results!
Thank you for using Chartwell's Budget Assistant. Here's what we found:
Estimated Monthly Income Before Sale of Home
Estimated Additional Monthly Investment Income From Sale of Home
Cash From Sale of Home
Estimated Monthly Expense Savings (Housing, Living, Transportation)
(10)
Are you sure you want to re-calculate your results? You will need to enter all your information again.
Disclaimer:
This tool is confidential. Chartwell does not compile or store your information.
This tool has been developed to assist in budgeting for retirement living, not LTC, CHSLD, or extended care homes.
Please note that Chartwell does not provide tax or financial advice and recommends seeking the assistance of a professional tax and financial advisor.