Optiml is web-based Canadian retirement planning software that stress-tests financial scenarios to help build a tax-efficient retirement plan. Users can model unlimited what-if scenarios and see how changes affect their plan. Its withdrawal optimizer creates a yearly order across RRSP, non-registered, and TFSA accounts, while the CPP and OAS optimizer compares potential benefit start ages against the user's plan and goal. Success Score tests a plan against up to 50 scenarios, including market downturns, high inflation, and varying returns. The Estate Projector estimates after-tax estate value through a retirement timeline, and Eva answers questions about a plan, taxes, and strategies using plan context. Optional Wealthica integration syncs account names and balances for supported accounts; users can also enter balances manually. Optiml says the integration does not access transaction history or holdings. A free calculator, Optiml Lite, processes data locally and does not store it on Optiml's servers. Optiml offers a free plan and a 14-day trial. Annual paid plans are Essentials at 99.00 CAD per year, Pro+ at 249.00 CAD per year, and Legacy at 499.00 CAD per year.
Who it is for
Optiml suits people in Canada planning retirement income, government benefit timing, and estate value. Its Legacy plan is described as built for business owners with a trust, holding company, or operating company.
What is good
- Runs unlimited what-if scenarios.
- Tests plans against up to 50 scenarios.
- Supports RRSP, non-registered, and TFSA withdrawal planning.
- Free calculator processes data locally.
What to know first
- Listed plans are billed annually.
- Available only on the web.
- Wealthica sync does not access transaction history or holdings.
Verdict
Optiml brings scenario, withdrawal, benefit, and estate planning into a web-based retirement tool. Its annual plan prices and account-sync scope are useful considerations before choosing it.
Optiml plans and pricing
All plansCompared on tax planning software
- Free plan
- Yes
- Scenario modeling
- Yes
- Multi-year projection
- Yes
- Capital gains modeling
- Yes
- Retirement income modeling
- Yes
- Data import
- Yes
- Client collaboration
- Yes
