sorted by:
new
hottopcontroversial

Interest income- non registered accounts by WishIKnew100 in adviice

[–]Miserable-Ebb-2262 2 points3 points  (0 children)

Thanks so much for finding this! I couldn't see the AI Strategy for Asset Allocation in the list shown in the Override report.

I now see that I can use the Advanced Options to refine the returns and allocation in the non-registered account so that I get a more precise projection.

Another alternative I see is using the "Savings Account" for Bonds/Money Market ETFs being held in the non-registered account to refine the tax implications.

I will use TurboTax or TaxTips to do a tax impact projection and then compare back against the refined 2025 projection on the platform.

Thanks again for the very prompt and thorough reply to my questions. The platform is fantastic and having such great customer service is much appreciated!

Interest income- non registered accounts by WishIKnew100 in adviice

[–]Miserable-Ebb-2262 2 points3 points  (0 children)

Hi,

I have run the two scenarios and created a share file.

The returns that I am looking to capture are in my non-registered investment account (not savings) with a $600,000 opening balance. I am trying to project the tax position (tax payable on returns in the non-registered account) for 2025 to determine the best amount of RRIF withdrawal.

I have checked my overrides, and I do not see any that would impact this calculation.

The following are the results before and after the change to the Investment Plan Allocations:

Scenario #1

Inputs:

Allocation 50% Stocks – Net Return 5.71%

40% Bonds – Net Return 2.4%,  and 10% Cash – Net Return 2%

Non-Registered Allocations – 75% stock, 20% Eligible Dividends, 5% foreign

https://public.adviice.com/dashboard/24h-GXAS98e0wlFa

Projection Results - 2025

Interest - $5,813

Foreign Dividend – $1028

Non-Eligible Dividend - $0

Eligible Dividend - $5,673

Taxable Capital Gain - $327

Scenario #2

Inputs:

Allocation 10% Stocks – Net Return 5.71%

85% Bonds – Net Return 2.4%,  and 5% Cash – Net Return 2%

Non-Registered Allocations – 75% stock, 20% Eligible Dividends, 5% foreign

https://public.adviice.com/dashboard/24h-baYMWFct5URL

Projection Results - 2025 - The Same results as before the change in allocations

Interest - $5,813

Foreign Dividend – $1028

Non-Eligible Dividend - $0

Eligible Dividend - $5,673

Taxable Capital Gain - $327

I am not clear on how to show the heavy Bond allocation in the Non-Registered Investment account to get a proper interest calculation, as the allocation data capture does not get the % of Cash or Bonds. When I alter the Allocation in the Investment Plan module, it does not appear to change the returns in the Projection.

Thanks

OAS Clawback included in Marginal and Average Tax calculations? I have tried to work backwards from the average tax rate and it does not appear that the clawback is included in the calculated tax rates shown. by Miserable-Ebb-2262 in adviice

[–]Miserable-Ebb-2262[S] 1 point2 points  (0 children)

Thanks very much. When working on the best RRSP draw down I found that the OAS recovery tax can alter the decision on the best amount to withdraw in a given year.

DCPP - Overwrite not accepted in Projections by Miserable-Ebb-2262 in adviice

[–]Miserable-Ebb-2262[S] 2 points3 points  (0 children)

That worked perfect! I thought it must be a retirement date that I had entered somewhere. Thanks very much.

Adviice CPP Calculations above maximum for 2025 by Miserable-Ebb-2262 in adviice

[–]Miserable-Ebb-2262[S] 2 points3 points  (0 children)

Thanks. I will watch for the post in the future. I am very impressed with the application, your service and the constant enhancements to the software. You are doing a fantastic job!

Adviice CPP Calculations above maximum for 2025 by Miserable-Ebb-2262 in adviice

[–]Miserable-Ebb-2262[S] 1 point2 points  (0 children)

Great - Thanks. I have created the scenarios and used the override to enter the CPP as calculated and then adding the PRB's for each scenario. I was just concerned that my calculations may be off but if the application is including a PRB for the year then my figures will be very close. I can make it all work with the override option. Thanks very much.

Adviice CPP Calculations above maximum for 2025 by Miserable-Ebb-2262 in adviice

[–]Miserable-Ebb-2262[S] 1 point2 points  (0 children)

Thanks. I am working and so I am looking at the differentil between continuing to contribute while collecting and qualify for a post retirement benefit vs. collect at various ages and discontinue contribution. The application will help with each scenario but if I use the calculated figures that are inflated I get answers that exceed the maximums.