u/MayRetireSupport

A new community-driven improvement is now available in MayRetire.

You can now model multiple corporate accounts within the same retirement plan, with shared annual dividend and depletion settings across enabled corporations.

Couple plans can also change each corporation’s dividend distribution split when the business-owning spouse reaches age 65, reflecting additional flexibility available in qualifying cases under Canada’s Tax on Split Income rules. The screenshot shows the distribution share changing from 80% to 50%.

As with most MayRetire improvements, these changes came directly from community feedback. Thank you to everyone who shared suggestions and helped shape the feature!

MayRetire models the planning impact, but we recommend confirming any dividend-distribution strategy with your accountant to ensure it fits your corporation’s share structure and tax circumstances.

https://preview.redd.it/4qo9qltcj4kh1.png?width=584&format=png&auto=webp&s=a6c174d4e5170985d5e972d9f183206408aea420

When to start CPP/QPP and OAS is an important part of every retirement plan. We’ve added a Benefits Timing view that lays out the available combinations side by side, so you can see the tradeoffs at a glance.

Each cell shows how a timing combination compares with your current plan, with its total lifetime value (cumulative after-tax retirement income plus ending after-tax estate, in today’s dollars) shown underneath.

Your current timing is the $0 cell, marked with a dashed border (unless it is also the best result). Every other cell shows the gain or loss relative to what you have configured now.

With one different combination selected, you can apply it directly to your plan. Or select up to eight combinations to compare in detail before deciding.

Results depend on your planning horizon, current withdrawal strategy, and other plan settings. Those settings may not be optimal for every timing combination, so this is a tool for exploring tradeoffs, not finding a single “right answer.”

You’ll find Explore Benefits Timing at the bottom of the Government Benefits panel. Have a look and let us know what you think

For more details, please check: https://mayretire.com/resources/tutorial/#explore-benefits-timing

https://preview.redd.it/hblncdm67jih1.png?width=783&format=png&auto=webp&s=cd2fa8e875523ae0b917bc12112b86c58905cddc

You can now set ownership for each rental property: joint, owned by you, or owned by your spouse.

Previously, MayRetire assumed rental properties were jointly owned. With this update, rental income, expenses, mortgage interest, sale proceeds, and related tax impacts can be attributed more accurately in couple plans.

This improvement was added based on user feedback.

https://preview.redd.it/1w912djshlhh1.png?width=593&format=png&auto=webp&s=97cf615ca0965b20c13717c60438d00e201ab86e

A small but meaningful update to MayRetire’s investment portfolio modelling

The distribution tax breakdown now includes Return of Capital (ROC) and non-eligible dividends.

ROC is generally not taxable when received. Instead, it reduces the portfolio’s adjusted cost base; once the ACB reaches zero, additional ROC becomes a capital gain.

We’ve also added annual portfolio turnover to help model activity such as rebalancing, tax-gain or loss harvesting, and other portfolio adjustments. The selected portion is treated as sold and reinvested, realizing its share of the embedded capital gain or loss without generating spendable cash.

These additions should make taxable portfolio projections more representative of real-world investing.

https://preview.redd.it/u6dlpvc9afhh1.png?width=573&format=png&auto=webp&s=d68a84767ef823d0c545ddff4977b1f2216b5373

MayRetire now uses Adjusted Cost Base (ACB) for regular non-registered accounts instead of asking for the initial capital gain/loss percentage.

This improvement was made based on user feedback and makes the regular non-registered account consistent with corporate accounts and investment portfolios.

No action is required for existing plans. If your plan previously used the capital gain/loss percentage field, MayRetire will automatically convert it to the equivalent ACB after the upgrade.

This should make the input easier to verify against brokerage and tax records.

https://preview.redd.it/nrlp9ssjpmfh1.png?width=447&format=png&auto=webp&s=0be0fe8f1d37e59ba04bfef14294748b7ae07d92

We’ve added a new spending strategy to MayRetire: Target After-Tax Estate.

Instead of entering the annual retirement income you want, you can now specify:

• The minimum annual after-tax income you want to sustain.
• The after-tax estate you want to leave behind.

MayRetire then estimates how much you can spend while working toward both goals.

Setting the estate target to $0 allows a “Die with Zero” planning approach while still protecting your minimum annual spending.

The final estate may not match the target precisely because taxes, withdrawals, asset sales, insurance proceeds, and other events can cause results to move in uneven steps. Different market scenarios can also finish above or below the baseline target.

The standard Calculate action for this strategy is included in MayRetire Free.

We’d appreciate any feedback, especially from people balancing retirement spending with inheritance goals.

https://preview.redd.it/eor7o6b3l9fh1.png?width=446&format=png&auto=webp&s=86c4c62682801af235b8e5f9429a90e45bb95cdf

MayRetire now lets you set Additional Withdrawals as recurring items.

This is useful for planning larger occasional expenses, such as:

• car upgrades every few years
• major travel
• home renovations
• family gifts
• other periodic spending goals

Instead of creating multiple one-time withdrawals manually, you can now set a withdrawal period and choose a frequency like “Every 2 years,” “Every 5 years,” or “Every 7 years.”

Example: a $40,000 car upgrade starting in year 3, repeating every 7 years for 25 years.

This feature is included in MayRetire Free.

https://preview.redd.it/fs8u7mtlvfeh1.png?width=579&format=png&auto=webp&s=da5916d49b25d3e3f9d51f29fcc47de4bb431ae6

This is a substantial new planning feature that lets you override the automatic withdrawal strategy for selected accounts and retirement years.

Overrides can help you model personal preferences such as withdrawing round amounts from your RRSP for certain years or fund a major purchase from a chosen account, such as a TFSA.
Use the visual timeline to review overrides, click to add or edit one, or drag across years to create a range.

For more details please visit: https://mayretire.com/resources/tutorial/#withdrawal-overrides

Because this feature affects core retirement calculations and supports many combinations, please report any unexpected results or usability issues you encounter. Your feedback is appreciated!

https://preview.redd.it/ftttgoto8zdh1.png?width=447&format=png&auto=webp&s=8892625e1203750aee08a426afd638537bf59f9f

MayRetire update: more corporate account detail is now available in the Detailed Annual Retirement Financial Projections table.

For plans with a corporate investment account, the Corporate Account section now includes:

• Funds Sold
• Tax Paid
• Dividend Refund

These columns make it easier to understand what is happening inside the corporation each year, not just the ending balance and notional account balances.

As usual, the table can be viewed in today’s dollars or future dollars, and exported to Excel or JSON.

https://preview.redd.it/1y5ra615sfdh1.png?width=867&format=png&auto=webp&s=0aad923b7b5588ae4d8e74ef9723cbfc87629a53

New MayRetire update: the Annual Tax Report can now be exported to Excel, and this feature is included in MayRetire Free.

You can choose Today’s dollars or Future dollars, and export the report in Compact, Standard, or Detailed view. The Excel file keeps the tax report layout, with year and spouse columns, frozen headers, and numeric values ready for further review or sharing.

This should make it easier to review projected taxable income, credits, deductions, OAS clawback, and total tax year by year.

https://preview.redd.it/5x0nkk1h37dh1.png?width=841&format=png&auto=webp&s=d0adce860f4abebaac23b8834a73c588b6c232ac

MayRetire began as a small retirement-planning project. It grew, far beyond what anyone expected, into something used by thousands of Canadians who want to understand and take charge of their own retirement, shaped along the way by an enormous amount of feedback, forum discussion, and feature requests from this community. That input has made it far better than it could have been otherwise, and we're grateful for it.

That growth is also the reason for this update. Being free has been part of how MayRetire found its audience, and we don't take that for granted. But keeping it accurate and dependable takes real, ongoing work — maintaining the tax rules, projection assumptions, and historical data the modeling relies on, running reliable support, and continuing to build the long list of features and improvements still ahead. To keep all of that going for the long term, MayRetire needs to be sustainable. So starting August 1st, MayRetire is moving to a Free + MayRetire Plus model.

What stays free - and it's a lot. The free version remains a genuinely capable Canadian retirement planner. It covers CPP/OAS/GIS, RRSP/RRIF, TFSA, LIRA/LIF and non-registered accounts, advanced withdrawal strategies, additional incomes, tax and contribution planning, survivor planning, and detailed reports and exports. For many typical Canadian retirement plans, the free version is all you'll ever need. And your plans stay yours, saved locally on your own device, never locked to our servers.

What moves to Plus. MayRetire Plus covers the more advanced planning tools, including Monte Carlo simulation, stress testing and backtesting, plan comparison, suggested adjustments, and RRSP withdrawal-strategy evaluation, along with complex modeling like corporate accounts, rental properties, debts, investment portfolios, defined-benefit pensions, principal-residence planning, whole life insurance, and some more. The full list is on our site.

The rollout:

Now → August 1: Nothing changes yet. All features remain available, so you have time to explore Plus and decide what's right for you.

August 1: Plus features begin requiring a subscription. The free version continues exactly as described above.

Introductory pricing: MayRetire Plus is $79/year (plus applicable taxes).

You can subscribe today to lock in the introductory rate - $49 for your first year (plus applicable taxes), renewing at $79/year after that - available through August 31.

A couple of things worth adding: MayRetire is intended for personal and household planning, and it remains the same transparent, local-first tool it's always been - you can always see how every number is calculated, and your data stays with you.

Thank you for being part of this.

Introducing Plus is what lets MayRetire keep going and keep getting better for the long haul - and we're glad to have you along for it.

Questions? Reply here or reach us anytime at support@mayretire.com