Great demo! Does the platform properly consider QPP instead of CPP (ie: max age for QPP is 72 years old with a bump-up of 58%) as well as combined Quebec and Federal tax brackets? Any localisation available for French language?
Hi! Good question! Although the platform does include Quebec and Federal tax brackets it does not include specific QPP functionality like the new age 72 deferral. It also does not include a French language version yet. We do hope to add these features soon.
I see that the platform gathers regular recurring expenses (e.g., rent, utilities, etc) as part of the building the expense profile. But does it also accommodate one time or non regular expenses (e.g., wedding expense of $25k in year 2035, new car $50k in 2030)?
Hi Mark, again, apologies for the delayed reply. Yes, the platform will accommodate any number of one-time expenses. This is easily customized in the Future Cash Flow assumptions. These expenses can be added to any year.
Hi Mark, apologies for the delayed reply, for some reason we weren’t notified of your comment. Yes, the platform will also accommodate defined benefit pensions, defined contribution pensions, group-RRSPs, DPSPs, and employee share purchase plans (in addition to the regular investment accounts like TFSA, RRSP, FHSA, Non-Reg)
Great demo! Does the platform properly consider QPP instead of CPP (ie: max age for QPP is 72 years old with a bump-up of 58%) as well as combined Quebec and Federal tax brackets? Any localisation available for French language?
Hi! Good question! Although the platform does include Quebec and Federal tax brackets it does not include specific QPP functionality like the new age 72 deferral. It also does not include a French language version yet. We do hope to add these features soon.
I see that the platform gathers regular recurring expenses (e.g., rent, utilities, etc) as part of the building the expense profile. But does it also accommodate one time or non regular expenses (e.g., wedding expense of $25k in year 2035, new car $50k in 2030)?
Hi Mark, again, apologies for the delayed reply. Yes, the platform will accommodate any number of one-time expenses. This is easily customized in the Future Cash Flow assumptions. These expenses can be added to any year.
Beyond CPP and OAS, does the platform accommodate additional pension accounts?
Hi Mark, apologies for the delayed reply, for some reason we weren’t notified of your comment. Yes, the platform will also accommodate defined benefit pensions, defined contribution pensions, group-RRSPs, DPSPs, and employee share purchase plans (in addition to the regular investment accounts like TFSA, RRSP, FHSA, Non-Reg)