The advisor's challenge
Clients understand a gap better when it uses their own numbers
A coverage gap on a spreadsheet is abstract. The same number on a shared screen, with their own income and mortgage plugged in, is real.
Without
A spreadsheet the client looks at once and puts away.
With WealthCanvas
A $540,520 gap shows on screen, worked out from the client's own numbers.
Example family, calculated with Family Guardian: ages 38 and 35, after-tax incomes $120,000 and $60,000, mortgage $2,500 a month, existing coverage $200,000.
Try it now
How big is the coverage gap?
Move the sliders to see what the family would need if the main earner died, what they already have, and the gap between the two.
Estimated coverage gap
$540,520
Estimate. Uses the tool's default family: spouse earning $60,000/yr, $50,000 in savings, 2.1% inflation, $25,000 other debt, a $60,000 education fund and 2026 CPP survivor benefits.
Same calculation as the Family Guardian tool in the app.
In the app, it runs on your client's own numbers.
How it works
Three steps in a meeting
Open before the meeting
Set up your advisor profile once. WealthCanvas remembers your name and designations and shows them on every report.
Enter the client's numbers
Income, age, coverage, savings. Enter them once and most tools in the meeting pick them up. Results update as you type.
Show the results live
Turn the screen. The client sees their own numbers on screen. Share a link so they can explore later.
The toolkit
Tools you use with the client in the meeting
Grouped by client situation, the same way as in the app. The badge shows which plan each tool is on.
Family Guardian
Calculate your life insurance coverage gap
Mortgage Insurance
Compare bank creditor insurance vs individual term life
Cost of Spending
See the real long-term cost of recurring expenses
Income Interruption
Stress-test your finances if income stops
Critical Illness Gap
Identify your critical illness coverage shortfall
Disability Income Gap
Model disability income protection scenarios
RESP Planner
Plan education savings and the CESG grants they attract
RESP Scenarios
Compare contribution strategies side by side
Newcomer Checklist
Financial landing plan for new Canadians
Job Change Benefits
Compare total compensation between job offers
Wealth Roadmap
Set a savings goal and reverse-engineer your investment plan
OAS Clawback Warning
Model strategies to reduce OAS repayment
TFSA vs RRSP
Compare a TFSA and an RRSP for a given tax situation
Smith Manoeuvre
Visualise converting mortgage debt into deductible investment debt
Tax Friction
Compare how much annual tax drag costs by investment type
Retirement Stress Test
What-if: market drop timing, CPP/OAS start and retirement age
Sequence-of-Returns Risk
Same returns, opposite order: why the first years of retirement matter
CPP Start Age
Compare starting CPP at 60, 65 or 70
DB Pension Gap
What a defined benefit pension replaces, and the gap left
Self-Employed Gap
Protection an employer would provide that a self-employed person must fund
FHSA Priority Planner
Order of employer match, FHSA, RRSP and TFSA contributions for a first-home saver
Estate Transfer Tax
Probate fees and tax at death, with and without named beneficiaries
Risk Profile
Risk tolerance questionnaire and risk capacity, combined into a profile
EI / Maternity Window
EI maternity and parental income, and RRSP timing around leave
Marriage Merge
Combine two people's income, debts and protection into one household view
Divorce Split
Illustrative division of family property under BC or Ontario rules
Divorce Financial Reset
Time-sensitive actions after a separation: coverage, beneficiaries, RRSP transfer, CPP credit split
Time Value of Money
Start now or later, what a dollar is worth later, and a goal in today's dollars
Rule of 72
How long money takes to double, and what fees, inflation and debt do to it
CDA Surplus Transfer
Capital Dividend Account surplus planning
IFA Insurance Financing
Leveraged insurance financing analysis
Corporate Tax Integration
Passive income taxed in a corporation vs personally, with RDTOH refund
Buy-Sell Agreement
How partners fund a buyout if one dies or leaves
SBD Grind Analysis
How passive income reduces the small business deduction
PHSP Planner
Medical costs paid through a corporate health spending plan vs personally
IPP Planner
Individual pension plan contributions compared with RRSP room
Corporate Estate Bond
Corporate surplus in a taxable portfolio vs a corporate-owned policy
Wealth Transfer to Children
Gift vs prescribed-rate loan vs family trust: after-tax outcome over time
FAQ
Common questions
No. Share links are view-only. Clients open them in any browser with no login and no app download. Links never contain names, emails or phone numbers.
No. WealthCanvas is for the meeting itself, on the screen your client is looking at. Detailed plans and product illustrations still belong in your planning and illustration software.
Only what you choose to keep. Until you save a meeting or create a share link, the client's numbers stay in your browser tab and are cleared when you close it. A saved meeting keeps its numbers and the label you type in your account, and the app warns you if the label looks like a full name. A share link keeps the numbers only, never names or contact details. The privacy policy lists everything we keep.
No. Enter age, province, income, family, savings and debts once, and most tools in the meeting pick them up. Change a number inside a tool and the others follow; a notice lets you undo it.
Reports describe the client's situation and what each assumption changes. Where a tool compares costs, the premiums are the ones you enter; reports don't recommend a product or an insurer, and every report carries a disclaimer. The advice is still yours.
4 tools: Family Guardian, Mortgage Insurance, Cost of Spending, Income Interruption. Family Guardian, Mortgage Insurance can each be opened on 3 different days a month; reopening on the same day is not counted again. You can create 3 Family Guardian share links a month. No credit card is needed.
Yes. Your first Pro or Specialist subscription starts with a 14-day free trial. Cancel before it ends and you won't be charged.
You can cancel at any time from the billing page. Access continues until the end of the period you have paid for and you are not charged again. There are no cancellation fees. Payments are not refunded automatically and there are no pro-rated refunds. If you think you were charged in error, email support@wealthcanvas.ca and we will review it.
Pricing
Start free. Upgrade when you're ready
Prices in Canadian dollars, plus applicable tax. One advisor per subscription. Cancel any time.
14-day free trial on your first paid subscription
Free
$0
no charge
4 free tools, no time limit.
Start freeNo credit card required
ProCovers most personal planning
$59 CAD/month
billed monthly
Every personal and family planning tool.
Start freeCancel any time
Specialist
$149 CAD/month
billed monthly
Adds business owner, corporate and succession tools.
Start freeCancel any time
Which plan fits
- Free — try the product with a client: Family Guardian, Mortgage Insurance, Cost of Spending, Income Interruption.
- Pro — personal and family planning: Family Protection, Home & Mortgage, Children's Education, Retirement, Tax & Investment, Newcomer, Job Change, Life Events, Professionals.
- Specialist — adds business owner and succession planning: Business Owner, Succession.
Ready for your next client meeting?
No credit card required for the free plan.
Free plan — no credit card · Paid plans start with a 14-day free trial · Cancel any time