Online Annuity Calculator

Instantly calculate your annuity income.

By Ivon T Hughes
Figure 1. Calculator

How Much Guaranteed Income Will I Receive?

To find out approximately how much guaranteed income you can expect to receive when you own a life annuity, simply use this easy online annuity calculator.

The great thing about life annuities here in Canada is that the income you will receive is guaranteed. For life. Depending on your individual circumstances, you can also choose to guarantee the income for the joint lifetimes of yourself and your spouse or other family member, or for a specific number of years. Once you choose to own a Canadian Life Annuity, you will receive a guaranteed income that will never decrease – no matter what happens to interest rates, and no matter what happens to the stock market. You have no risk, save the ongoing capacity of the issuing annuity company to pay the claim. The insurance company takes on all the market and interest rate risk. If you choose a somewhat lower initial payout, you can also elect to increase your income along with the cost of living or inflation.

No other financial product on the market can make these guarantees and provide them in writing. Not mutual funds, not stocks, not bonds, not municipal funds, not bank GICs. All of them are subject to interest rate or market risk, or they could be reduced to zero if you live too long. Only life annuities can specify and promise a guaranteed income – for life.

Fill Out This Easy Online Calculator


Do you want a joint life annuity?

Do you want an annuity income that will protect both you and your spouse or other loved one as long as either of you live? This is easy to do with a joint life annuity, which guarantees a reliable income for the last survivor of two individuals, no matter how long they may live. But to do it right, it requires a little more information than an online form can handle. For any joint quotes, please call us at 1-877-842-3863. This annuity calculator will give you figures and general information about your potential income.

Ivon T Hughes

To obtain precise quotes, please complete the form below and one of our experienced and licensed insurance and annuity brokers will call you to follow up.

Who is eligible to buy an annuity?

To purchase an annuity or any other financial product via or one of our extensive network of qualified affiliated financial professionals, you must be:

  • A Canadian citizen or legal resident
  • Between ages 55 and 80 for Life Annuities
  • Between ages 18 and 80 for Term-Certain Annuities
  • Over 18 for life insurance.
  • Have investable assets, whether in registered or non-registered accounts, of at least $25,000.

About our annuity calculator

Disclaimer: This online annuity calculator is for illustration and general informational purposes only and should not be relied upon for advice.

The figures this online tool provides are estimates only. They are not intended to be and should not be construed as binding offers.

The final and exact amounts of income you will receive will be determined by the annuity issuing company and written into the annuity contract. The contract, not this calculator, is the governing document. The results you receive from this tool are products of the accuracy and completeness of the information you enter.

The Hughes Trustco Group updates prevailing interest rates and insurance company offering rates once each month. But tax laws, interest rates and market conditions are subject to change without notice. The information and strategies on this site are provided for your general guidance and for informational purposes only. It is based on information we believe to be accurate, but Hughes Trustco/ cannot guarantee accuracy nor completeness as it applies to your specific individual situation.

The Hughes Trustco Group ( makes no warranties, express or implied, as to the accuracy or completeness of the information on this page. Further, in using this online calculator, you agree that Hughes Trustco/ shall not be liable for any losses or damages arising from errors or omissions in the information provided, or arising from any decision made on your part in reliance on information from this online calculator.

The calculator is not intended to be tax, legal or investment advice. Retirement, income and annuity planning are highly fact dependent, and require an individualized financial needs assessment. To ensure that the plans, products and strategies herein apply to your specific circumstances, you should additionally seek the services of a qualified and licensed professional.

Ivon T Hughes

About the Author

Ivon T. Hughes

Ivon T Hughes is a leading expert in life annuities in Canada. His website is a recognized authority on annuities. He's also an established insurance and investment broker, through The Hughes Trustco Group since 1972. Recently, he's been redefining how annuities are sold in Canada.


Let's start the conversation!

Call 1-877-842-3863 today to get a free annuity quote.
We compare the best annuity rates in Canada! There is no cost or obligation and your privacy is guaranteed.

Ivon T. Hughes - Annuity Broker

The Hughes Trustco Group | Website: | Email: | Toll Free: 877-842-3863