How Optiml Works
DIY retirement planning software.
Built for Every Canadian
Whether you're in British Columbia or Newfoundland, planning solo or building your dream retirement with your spouse. Optiml has you covered.
All Provinces & Territories
Full tax optimization across all 13 Canadian provinces and territories
Individual Planning
A retirement plan built entirely around your unique financial situation and goals
Joint Household Planning
Optimize together. The power couple. One optimized household strategy.
The Optiml Approach
Start with the end in mind
Every great retirement plan begins with two fundamental questions.
How much do you want to spend?
How much do you want to leave behind?
Optiml works backwards
Tell Optiml everything you want to accomplish: your lifestyle, goals, and legacy. Optiml then works backwards to find the most tax-efficient path to get there. No guesswork. No generic advice. Just your optimized plan.
Unlike Traditional Financial Planning
Traditional Planning
Focuses only on the current year
Year-by-year decisions made in isolation
No long-term tax optimization
Generic, one-size-fits-all strategies
Optiml
Plans your entire retirement lifetime at once
Every decision connected to long-term outcomes
Minimizes your total lifetime tax burden
Fully personalized to your exact goals
Step-by-Step Setup
Build Your Financial Profile
Input your complete financial picture. Optiml needs to understand where you are today to find your best path forward.
Average onboarding time takes 15 minutes
Step 01
Your starting point
Income & Government Benefits
Add all your sources of income and government benefit details. Optiml factors in current and future income sources.
Income Snapshot
Employment
$145,000/yr
Pension
$28,000/yr
CPP/OAS timing optimized
Step 02
Your wealth picture
Investment Balances
Add your registered and non-registered investment account balances. Optiml only needs each account combined totals, not individual stock details.
Portfolio Balance
RRSP
TFSA
Non-Reg
LIRA
Step 03
Every dollar of net worth
Assets
Add all your personal assets including real estate, insurance, private equity, and other assets. And business assets like Trust, Holding Company, and Operating Company.
Real Estate Assets
🏠
Primary Residence
$850K
🏡
Cottage
$340K
🏢
Income Property
$620K
Total
$1.81M
Step 04
Your life's ambitions
Goals
Simulate future purchases and expenses, one-time or recurring. Whether it is a kitchen renovation, a family vacation, your child's wedding, or charitable giving, it all gets factored in.
Upcoming Goals
Kitchen Renovation
One-time
$45,000
Europe Trip
Recurring
$12,000/yr
Child's Wedding
One-time
$30,000
Step 05
Clear the full picture
Debt
Capture all outstanding debt obligations beyond your mortgage. Debt is a critical factor that must be accounted for in your long-term plan.
Is your debt's interest rate tax deductible? Factor that into your Optiml plan.
Debt Overview
Line of Credit
$45,000
4.2%HELOC
$120,000
5.8%Personal Loan
$18,500
7.5%Step 06
The most important step
Living Expenses
Define your after-tax income needs to fund your lifestyle, today and into the future. Create different spending phases to reflect how your needs will evolve through retirement.
Go-Go
Ages 54–70
Slow-Go
Ages 70–80
No-Go
Ages 80+
Now for the Fun Part
Choose Your Retirement Strategy
With your profile complete, select the strategy that matches your goals. Optiml will find the most tax-efficient path to get you there.
With Optiml
Without
Maximize After-Tax Estate
Tell Optiml how much after-tax income you need each year. It secures your lifestyle first, then builds a mathematically optimized plan to leave the largest possible after-tax legacy to the people you care about.
Explore Strategy
With Optiml
Without
Minimize Lifetime Taxes
Tell Optiml how much you want in after-tax dollars each and every year of your plan. Your plan will develop a tax-efficient withdrawal strategy to ensure you pay the least amount of taxes over your lifetime.
Explore Strategy
With Optiml
Without
Maximize Retirement Spending
Spend more, worry less. Optiml designs a tax-efficient withdrawal strategy around one goal: maximizing your after-tax income each year so you can live your best retirement without ever running out of money.
Explore Strategy
Your spending
Estate target
Set Your Estate Target
Define exactly how much you want to leave behind in after-tax dollars. Optiml locks in your legacy goal and calculates the maximum you can spend throughout your lifetime, while confirming you will still hit your target.
Explore Strategy
Strategic draw
No strategy
RRSP Meltdown Strategy
Build your plan around your RRSP. Select between a conservative, moderate, or aggressive meltdown, or create your own custom strategy, to draw down your RRSP in a way that minimizes your tax hit over time.
Explore Strategy
OAS preserved
Clawed back
OAS Clawback Reducer
If your primary focus is ensuring you receive maximum OAS payments each year, this is the strategy for you. Optiml builds a plan designed to avoid OAS clawbacks as much as mathematically possible, while still delivering the after-tax income you need each year.
Explore Strategy
Estate
Spending
Tax
Build Your Own Custom Plan
Our optimized plans run the numbers and provide a math-based approach. Want to add your own touch? Input your own deposit and withdrawal strategy to build a plan exactly the way you want it.
Explore Strategy
Run Unlimited
What-If Scenarios
Once you've run your first plan, the real power begins. Change any single input like retirement age, spending levels, or investment returns and instantly see the impact on your entire lifetime plan.
Examples of what you can simulate
What if I retire at 62?
What if I increase spending by $20K/yr?
What if I delay CPP to age 70?
What if I sell my cottage?
What if my RRSP grows at 6%?
What if we travel more in our 60s?
What if I wind down my Holding Company?
What if I gift $100K to my kids?
What if I work part-time at 58?
What if inflation rises to 4%?
Downsizing vs renting?
Unlimited
What-If Scenarios
Instant
Plan Recalculation
Real-Time
Tax Impact Analysis
Understand Your Plan
EVA
Meet Eva. Your personal AI assistant.
Optiml is built for more than just optimization. It is built for empowerment. We do not just show you your financial plan, we give you the tools to master it.
Eva is Optiml's AI assistant. Ask it anything about how Optiml works, or why your plan is making a specific decision in any year. You can use it to analyze your financial plan, pull out whatever data and insight you need, and help guide you in making some of life's most important financial decisions.
Examples of what you can ask Eva
Why is Optiml withdrawing from my RRSP at age 63?
What is my marginal tax rate in the year 2031?
Why did Optiml choose age 67 for my OAS?
How can I increase my after-tax estate value?
Why is my TFSA being prioritized this year?
Can I afford to retire two years earlier?
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