About The RAZOR The Approach Sample Reports Testimonials FAQs

What makes The Razor so efficient? The Razor combines proven financial planning strategies with sophisticated business logic to automate the analysis of your client's financial needs. Although it may be hard to believe, for most clients you simply enter personal and financial information, click calculate, then print. I have tried other planning tools that claimed to be simple to use; all were disappointing. What makes The Razor so different? Our goal when developing the Razor was to simplify financial planning without making it simple. Like the iPod simplified our ability to listen to music without sacrificing the quality of the recording, The Razor has simplified our ability to prepare financial plans without sacrificing the quality of the analysis. Click here to view recorded tutorials. Retirement planning is a key part of my business, how does The Razor calculate retirement needs? Using a whole wealth approach, The Razor automates the analysis of your client's financial needs by answering their most important retirement planning questions automatically: "When will I be able to retire?" "How much can I spend?" "How much do I have to save?" "What rate of return do I need to earn?" How does The Razor calculate income taxes? All income taxes are calculated using a T1 approach based on the client’s province of residence. In addition to calculating income taxes properly, The Razor also incorporates the clawback of Old Age Security and the Age Credit. What type of client is best suited to The Razor? There is no “best” client with The Razor. The Razor is suitable for all clients, regardless of their age, net worth or situation. Can I use The Razor with my business clients? Yes, The Razor includes calculations for corporate owned assets, including investments & securities, real estate and good will. In retirement, when income is sourced from corporate investments to maintain lifestyle, all appropriate tax and RDTOH calculations are included. Does The Razor include TFSA? Yes, The Razor incorporates TFSA as part of the non-registered investment portfolio automatically, utilizing available contribution limits to the extent the client saves to non-registered investments. Can I illustrate investment strategies involving tax efficiency using The Razor? Yes, The Razor incorporates a TE (Tax Efficiency) Factor allowing you to control how investment income is taxed. The higher you set the TE Factor, the lower the rate of tax. This concept is easily illustrated when applied to the 3 main types of investment income: Interest income which is fully taxable when earned is 0% tax efficient. Capital Gains which are 50% taxable when realized is 50% tax efficient or better. Dividends earned personally are approximately 30% tax efficient depending upon the province. Does The Razor calculate insurance needs? Yes, The Razor automatically calculates all of your client’s insurance needs including Life, disability, critical illness and long term care. What insurance strategies does The Razor illustrate? The Razor includes insurance as an alternative investment class and can be incorporated into virtually all the financial planning sales concepts and strategies you currently use.