Below is a high-level list of what changes when you select "Target Culture: Canada" in the software Settings: (Click here for the step-by-step instructions to change your software's target culture to Canada.)
- Canadian Province Rates added to Tax History and Income Tax Calculator
- Canadian life expectancy tables
- Provincial Tax data added to the Tax Thresholds
- RMD Calculator uses RRIF withdrawal calculations
- Spending Game adds an “RMD Age” field to TDAT, TDBT, and Annuity account types (to support RRIF account minimum withdrawals at any age)
- A maple leaf is shown on every dashboard section
- Personal Economic Model - Scenarios selection "Social Security" changes to "CPP / OAS" (representing the Canada Pension Plan)
- Income Tax CA - New Presentation referencing Canadian Federal Income Data
- Tax History CA - New Presentation referencing Canadian Tax History 1985 to Present, Debt Clock links to debtclock.ca
- Tax Threshold - New Presentation referencing Canadian Federal Income Tax Thresholds 1985 - 2021
- History of Inflation - New Presentation referencing Canadian Inflation 1960 to 2020 Annual Inflation
- Market History - Added "S&P TSX Composite"
- Annuities 101 - New Presentation referencing Registered Plans, Canadian Pension Plan, Types Fixed & Variable (no Indexed), Key Takeaways Modified
- Income Game CA - New Presentation referencing Canadian Federal Income Data and Tax History
- Circle of Knowledge - Links to new Income Game CA
- Retirement Ready or Not - Links to new History of Inflation and Income Tax CA, PEM view uses RSP Title
- Personal Economic Model (PEM) - RSP Title in the top tube, removal of the Tax History links to new Tax History CA Presentation
- Circle Talk - Registered Plans title, RSP references
- Registered Plans 101 - RSP and CRA titles, reference to Withholding taxes
- Registered Plans - Canadian Plans on first screen, all titles use RSP, no more US$ graphics
- Mortgage Master - All references to interest deductions removed, US$ graphics removed
- Private Reserve Strategy - RSP in all titles
- 10 Minutes Lesson (101 and Traditional) - RSP in all titles, MTAR Date reference
- Spending Game - Required withdrawals calculated with Canadian schedules
Comments