The Military Money Corner
Welcome
- This page contains posts and resources for Canadian Armed Forces members.
- Finances are hard. They are even harder with postings and the cost of living. I can’t fix CAF pay, but I can help you improve the items within your control.
Motivation
- No one taught me how the pension works, how to read pay stubs, or how military service affects how you use the RRSP or TFSA.
- Through frugal living and index investing, I believe most CAF members can grow wealth.
Military Money Posts
2023 CAF Retroactive Pay (Back Pay): Everything You Need to Know
Estimate your 2023 backpay, including pension deductions and tax-deductions.
Jake
March 23, 2023
May 3, 2023
Defined Benefit Pension vs Self-Investing: A Detailed Comparison
Find out how much you would need to invest on your own to give you the same retirement income as your defined benefit pension.
Jake
October 7, 2022
March 5, 2023
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
April 8, 2023
Military Money 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.
Get It
Income and Expense Tracker
Track expenses, income, and set goals. People who build wealth understand their monthly cashflows.
Make it your own. Save to your Google Drive or download an excel copy.
Get It