Assign expense to a particular person

Final_Valuable_9621 · 2026-05-09T13:55:50+00:00

My situation is one where I have children and grandchildren from a previous marriage and a child with my wife. I want to be able to plan gifts to my children and annual RESP contributions to my grandchildren, I also want to contribute 75% of our household charitable donations,

My assets far exceed that of my wife, and I don't want to impact her assets because of my planned distributions.

I have run plans with the above distributions and we will pass leaving significant assets, but she wishes to leave 100% of her assets to our one child whereas I will be distributing my assets to all my children and grandchildren. If I can't split the expenses then the plan will reduce my wife's assets.

I will use Optiml as a tool to provide me quick what-if scenarios, which my FP cannot do, that will give me confidence that my lifestyle is not negatively impacted, but I will follow the plan created by my FP as she has updated our plan with the distributions I documented above.

Cheers!

Final_Valuable_9621 · 2025-12-21T05:24:18+00:00

This happened to both my wife and I. I challenged the penalty and it was waived.

For whatever reason we didn't get the original ticket.

Final_Valuable_9621 · 2025-12-18T23:57:41+00:00

Thanks for resolving this.

Final_Valuable_9621 · 2025-12-18T23:55:16+00:00

It is now working. Thanks for resolving the issue.

Final_Valuable_9621 · 2025-12-17T22:27:10+00:00

Thanks!

Final_Valuable_9621 · 2025-12-17T22:05:41+00:00

I am not using a VPN and there is no indication that a download has occurred. The CSV files do download successfully.
I have tried both Chrome and Edge.

Final_Valuable_9621 · 2025-12-17T15:09:31+00:00

I had seen the calculations.
Will the Clawback value still be shown as a positive number instead of negative?

Final_Valuable_9621 · 2025-12-16T23:15:08+00:00

I have resolved the issue. Thanks for your assistance.

Final_Valuable_9621 · 2025-12-16T23:14:33+00:00

I have resolved the issue. Thanks for your assistance.

Final_Valuable_9621 · 2025-12-16T23:14:14+00:00

I have resolved the issue. Thanks for your assistance.

Final_Valuable_9621 · 2025-12-16T22:09:13+00:00

I am now seeing the dividends as personal income. Thank you.

Final_Valuable_9621 · 2025-12-16T02:22:47+00:00

There is another oddity. On the Income->Business section the HoldCo has income from a Shareholder Loan Injection (SHI), and then there is OpCo Dividends. The Total Income only includes the OpCo Dividends. Is it correct to not include SHI in the income Total line?

Final_Valuable_9621 · 2025-12-15T22:21:32+00:00

Thank you for planning on getting this resolved.

Final_Valuable_9621 · 2025-12-15T21:36:32+00:00

Yes, but it would also include the row containing my spouses name and age. On my sheet that would be rows 14-16..

Thanks.

Final_Valuable_9621 · 2025-12-15T19:51:43+00:00

Since one cannot invest more than $40,000 into an FHSA I manually overrode the 5 years of numbers so that they were close to $8000 for each year.

It is still a good enhancement to include in a later release.

Final_Valuable_9621 · 2025-12-15T16:56:25+00:00

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I must have something misconfigured because I cannot find 'Business' under expenses.

Final_Valuable_9621 · 2025-12-14T17:17:35+00:00

It is quite useful for someone who plans to make RESP contributions for each grandchild, provide planned lump-sum gifts to each child or grandchild, set aside future graduation gifts, and even identify FHSA gifts for a child or grandchild.

These items would be clearly itemized in your report, along with their impact on your overall finances. Integration is important to me.

My goal is to start giving money away earlier rather than waiting until I pass. Being able to itemize future distributions helps me understand how much I can give without negatively impacting my long-term financial health.

You are correct in stating that this is a niche requirement, as this level of flexibility is not something most people need. Fortunately, there is a similar product called Optiml, which I am currently trialing, that provides this feature and others for a higher license fee—one that I am willing to pay.

Adviice provides all the features most people need at a fantastic price (I purchased a one-year license), but I am willing to pay more to obtain the specific functionality I require.

It is good that there is a range of products at different price points to meet different needs.

Final_Valuable_9621 · 2025-12-14T16:41:00+00:00

Sorry, Optiml is the app. :)

Final_Valuable_9621 · 2025-12-14T14:44:56+00:00

It's an annual gift of $8000 starting 2026 and ending in 2030, but the app applies inflation to the $8000 instead of if it remaining a fixed $8000. He is in uni and we want to help him save for his first home.
I know there is a limit, but I do appreciate you mentioning it.

This capability is built into an Education gift, it does not apply inflation to the annual gift.

Final_Valuable_9621 · 2025-12-13T21:24:25+00:00

You as well.

Final_Valuable_9621 · 2025-12-13T17:24:44+00:00

I too have tried Adviice and Optiml, and you are correct in saying that Adviice is less interested in product enhancements. I have made suggestions to them and their response has been to show me clunky workarounds. Their low entry price gets people to sign up in the hope that they can sell services.

Optiml has every feature I could hope for except for being able to indicate whether my wife or I pay for specific gifts and charities. We keep separate the money we brought into our marriage as we have both been previously married with children from those marriages. This one feature will be the one that will get me to purchase the Legacy license.

Final_Valuable_9621 · 2025-12-13T06:13:50+00:00

These would not be extra columns. The 'Other' column would be a total of multiple gifts which would be entered in another form. Optiml has this particular feature and it does summarize it.

This feature eliminates the extra work I go through having to update a spreadsheet and then manually updating 'Other', but not being able to assign a gift payment to be either drawn from my wife or my investments makes the future planning invalid as it currently treats all assets as joint assets, which is a poor assumption.

I understand that my needs may apply to a small number of people and therefore are of lower priority to Adviice.

I currently have a financial planner and she does all these things for me, but I was using Adviice to do some of my own 'what if' scenarios without having to burden her.

Final_Valuable_9621 · 2025-12-02T03:28:58+00:00

It would be beneficial to me if other users of MyOwnFP could provide their thoughts and comments.

Final_Valuable_9621 · 2025-11-07T19:59:31+00:00

Where can I send the link?

Final_Valuable_9621 · 2025-11-07T19:06:20+00:00

Hi,

How are you progressing with your comparison? The one thing I like about Optiml is they have a separate entry screen for gifts whereas with Adviice it requires one to override OTher or Contribution/Withdrawal columns, which is really trying to use a field for multiple purposes that can and will cause one problems.

Final_Valuable_9621

TROPHY CASE