Question 1

What is LazyPlan?

Accepted Answer

LazyPlan is an AI-powered financial planning tool built specifically for Canadians. It analyzes your tax documents (T4, NOA, T5), provides personalized TFSA vs RRSP advice, retirement projections with CPP/OAS optimization, and generates professional financial reports — all using 2026 CRA-verified tax data.

Question 2

Should I contribute to TFSA or RRSP first?

Accepted Answer

It depends on your marginal tax rate. Generally, if your marginal tax rate is above 30%, RRSP provides more benefit due to the tax deduction. If your income is lower, TFSA is often better since withdrawals are tax-free. LazyPlan calculates the optimal split based on your specific income, province, and retirement timeline.

Question 3

How much does a financial planner cost in Canada?

Accepted Answer

A Certified Financial Planner (CFP) in Canada typically charges $2,000 to $5,000 for a comprehensive financial plan. LazyPlan provides AI-powered financial analysis starting at $0 for basic features, with full analysis available from $9.99/month — 95% cheaper than traditional financial planning.

Question 4

When should I start collecting CPP?

Accepted Answer

You can start CPP as early as age 60 (with a 36% reduction) or delay until age 70 (with a 42% increase). The optimal age depends on your health, other income sources, and life expectancy. LazyPlan provides a break-even analysis comparing CPP at ages 60, 65, and 70 based on your personal financial situation.