The Military Money Corner
Welcome
- Here you’ll find posts and resources focused on personal finance for Canadian military (CAF) members.
- I serve as an Air Force Officer. I’m on the path to Financial Independence through frugal living and investing.
Motivation
- No one taught me how the pension works, how to read pay stubs, or how military service affects the way you use the RRSP or TFSA.
- In my first posting I saw students struggle financially. Later, I found out that this is normal – most Canadian’s live paycheck to paycheck.
Posts for Military Members
How to Read Your CAF Pay Statement
You only see ~60 to 70% of your pay hit your bank account. Learn where your money is going, and estimate deductions for taxes, the CAF Pension, CPP and EI.
Jake
October 16, 2021
October 25, 2021
How a Military Career Can Increase Expected Investment Returns
I discuss how a military career can increase your ability and willingness to take on risk. With more risk comes higher expected returns.
Jake
September 28, 2021
October 15, 2021
5 Ways a Military Career Helps Me Keep Expenses Low
The past 12 years in the military has helped me keep expenses at rock bottom while maintaining a high quality of life. Examples include a fully funded post-secondary education to reduced reliance on material goods.
Jake
June 20, 2021
September 30, 2021
Manage Your Money: Free Resources
CAF Income Breakdown
How much of your income goes to your pension, CPP, taxes and EI? Find out with this calculator.
Make it your own. Save to your Google Drive or download an excel copy.
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