r/adviice

Hi all, new here

I have a pretty fixed annual raise in my contract, do I really need to make a new snapshot for every year? Is there a better way?

Thanks!

I want to see what impact there is if I move the maximum possible ($7000) from my Non Registered accounts to my TFSA account each year in retirement.

I want to see if the resulting tax savings is significant enough to make this worthwhile.

Is the best way to do this in the Projections view and simply add a NonReg withdrawal and TFSA deposit?

Hi Everyone!

Half of our support team will be on vacation this week (there are only two of us!).

We will do our best to maintain our speedy replies, but if you do notice that our responses are slightly slower than usual just know that it's only temporary.

Thank you!

Adviice Support Team

Hi There,

I’ve been testing Adviice and realized how scenarios handle core data inputs: Discovery inputs are global across the entire client profile.

​If you create Scenario 2 to model a major life event (like having a kid or buying a home) and edit the baseline income/expenses directly in Discovery, it overwrites the Discovery data for your Base Plan too.

​To keep the Base Plan intact, the only way to model independent scenario changes is by manually entering year-by-year Overrides on the Projections tab.

​For multi-variable life events, having to do manual spreadsheet overrides instead of just editing inputs on an independent Discovery tab for that scenario feels really clunky and unintuitive.

​For those who use Adviice regularly or talk to their dev team—is this something they plan to update/fix in a future release? How do you smoothly handle modeling complex life events without have to do complex overrides that are super easy to make mistakes with.

Thanks.

Hi everyone!

We've officially launched a new CPP/QPP estimator tool at cppestimate.ca (or qppestimate.ca). Before we integrate it into the Adviice platform we are looking for some help from the community to test it and let us know what you think.

We built this to be as comprehensive as possible. Here is what is included:

• CPP/QPP General Drop Out: Already part of the original model.
• CPP/QPP Enhancement: Already part of the original model.
• Full QPP Integration: New QPP functionality for our Quebec users, including age 72 deferral modeling.
• Drop-Out Provisions: New Child-Rearing Drop-Outs (CRDO) and Disability Drop-Outs (DDO).
• Side-by-side Comparisons: Compare your Service Canada estimates directly against your Adviice estimate.
• Breakeven Estimate: Explore CPP/QPP breakeven with an estimated breakeven point, including the opportunity cost of investment returns.
• Data Import/Document Upload: Upload your CPP/QPP document and the tool will parse the details, import the data, and fill in the fields for you (or just add "My Earnings" manually if you don't want to share your document)
• CPP Max & CPP Average: Explore the maximum and average benefit amounts. Remember that CPP Max is getting bigger over time... https://cppestimate.ca/articles/cpp-max-will-be-huge

Right now, we've launched it for free as a standalone tool, but we will integrate it with the full Adviice model in 4-8 weeks after receiving feedback.

We want to gather as much community feedback as possible before fully integrating it into the Adviice platform so please use the "Share Feedback" button at the bottom of the page to provide us with feedback, requests, or ideas.

We wanted to thank all the users who sent us CPP & QPP examples. The QPP examples were particularly helpful, as were the examples with CRDO and DDO. All examples from users who had just started their CPP benefit really helped us validate the detailed modeling. CPP/QPP is incredibly complex when you get into the details. We've done a lot of testing and benchmarking, but please let us know if you have any feedback.

Please give it a try! Thanks in advance for the help!

https://preview.redd.it/slix2gz5xyjh1.png?width=2286&format=png&auto=webp&s=0a69e6131aa8d2faf75335462163caeb3a30049a

Hello.

I have questions related to a) modelling selling house/buying condo one year later, and b) tax smoothing.

Here is the link: https://public.adviice.com/dashboard/72h-a3soHvUOolRk

We are a couple aged 63 (M) and 55 (F). My husband has a government pension, indexed to inflation. Since my husband is 8 years older than me, we have modelled a scenario where he dies at 85 and I live to 95 with a reduced (75%) pension.

We plan to sell our house in 2027 (my age 56) and I want to model buying a condo in 2028 (my age 57). The cost of the condo may be slightly higher (~$200k in today's dollars) than what we will get from the sale of house. I want to model selling the house for $1.4M, and buying a $1.5M condo (plus there is about $120,000 lost due to real estate fees and land transfer tax). The money from the sale of the house will be in cashable GICs for the one year. We have that extra money to pay for the higher condo price currently in "cash" (GIC's) so there will be low taxes to pay (i.e. not capital gains) to access this money. The model doesn't seem as though I have modelled this properly, or possibly I don't understand what the surplus and shortfall are referring to.

I would also appreciate any input on tax smoothing throughout as it seems to vary from 13% to 22%, with one year spiking (due to sale of cottage).

Other notes:

*I have the "sale" of a cottage in here at age 77, which would actually be gifted to our child, which is why we have payment of realized capital gains tax and net worth dropping at that time.

Hi.

I have a retirement target projection with 96% success rate and plan funded 145%.

I have tried some stress test scenario: less return, life expectancy and retirement spending, all of them at least with success rate >= 85% and plan funded >= 100%.

What else should I try as stress test or take into consideration before making the final decision?

Thank you !!

Hi everyone,

I’m approaching retirement and trying to use Adviice to optimize my withdrawal order, but I'm a bit stuck on how to build this out.

My Setup:

• Large RRSP.
• Holding Corp (no operating income, just stock investments with unrealized capital gains).

My Goal:
I want to compare an early RRSP meltdown vs. drawing from the Corp first to see which leaves me with the best after-tax outcome. I need to figure out exactly how much to withdraw from each bucket annually.

My Questions on using Adviice:

1. Does Adviice have a feature to automatically optimize/suggest the withdrawal order between a Corp and an RRSP?
2. If it's manual, what is the best workflow to set up side-by-side scenarios to compare them?
3. When modeling corporate withdrawals, will Adviice automatically handle the tax integration (CDA, RDTOH) for my unrealized gains, or is that a manual input?

Thanks in advance for any tips!

Hi

The projection is skiping pension calculation at 65.

Both my wife and I have small foreign pension and my wife a Canadian pension.

The Foreign pension start at 63 and the Canadian pension at 65.

All were entered in Adviice as pensions.

In the projection, the software calculates the foreign pensions at 63, 64 and from 66 on. But does not calculate any pension at 65 at all.

What could be the reason?

Thank you.

>

Do these expenses affect tax calculation? I have some donations that are not eligible for tax deductions in which case I’ll enter these as misc expenses.

Hi! My wife and I will retire early with young kids, and the CPP Child Rearing Dropouts will apply to future years in our plan. Is there any way to approximate the CRDO in future years of zero earnings for one of us?

(I’ll also take this opportunity to stoke the fire with a CRDO feature request - I know it’s coming, but it would be nice to have the platform work that out.)

Thanks!

Hi there,

Can you provide an update on the planned "AI Strategy for dividend only withdrawals".

At the beginning of the year I posted about a problem I was having where the my non-reg portfolio turnover was set to Zero, but the system was forcing thousands of dollars of "taxable capital gains" in my non-reg account every single year. In my case, this was multiple thousands of dollars of taxable capital gains. This was just "wrong" and it cascaded to calculating the wrong amounts for things like RIF/LIF withdrawals, taxes, etc, year after year in my plan.

At the time, you indicated that this was due to the fact that the platform calculates the withdrawal at the beginning of the year, before investment growth and dividends are calculated,.... thereby forcing the system to sell stocks and create a capital gain to provide the cash for the beginning of year dividend withdrawal. This implementation renders it impossible to implement a dividend only strategy.

At the time, you indicated that it should be fixed when the new "AI Strategy for dividend only withdrawals" came out and that the feature request was near the top of the list.

Is this feature in the next update? If not, can you estimate when it'll be delivered?

If this feature is not in the near future, would you consider quickly implementing some other workaround that would not force these incorrect taxable capital gains?

Thanks for everything you do.

ps. I understand that you have a long list of feature requests.... but at present this is causing a cascade of incorrect calculations in my plan

Feature request: add the ability to "Hide" columns the user does not ever use in the Projection table

Not sure if the negative dollar amount is a portion of the potential home sell off , or not - no details as to how the number was created

Just doing some more review here and although I see on my latest projection that our avg tax's are fairly level (for a couple on the chart) when I dig a bit deeper in the #'s below I see my avg tax rate is 13/15/17% while my spouses' is all over from 10 to 6 to 0 for a few years so just wondering if that is easy to comment on or not without sharing more details? I'll assume due to her income being lower and I need to review the Meltdown options and I should be looking for a strategy to fill her Age Amount tax bracket for example? Like I'm also not sure if that is a real issue or not? Like should both partners avg tax rate be similar?

I did just look at the "Should You "Smooth" Your Taxes In Retirement?" video also.

I finally feel like I have a reasonably sound plan built with strategies in play. I’ve been working on it independently and want to walk my partner through the plan.

I’m curious how others have caught their partner up on their plan. Do you walk through all the assumptions - snooze fest! - building up to the net worth and success rate projections? Or start the other way around explaining the charts.

In a few years we will be transferring my wife's UK pension via QROPS to a Registered Canadian account,. This will then be used as retirement income a few years later when she actually retires. I also have a UK pension that i will be doing the same with but not at the same time. How do i show these pots of money in the years that they are transferred and allow them to be used as taxable withdrawals during retirement years?

Thanks

I attended the "Getting Started with Adviice" session today to get a quick refresher after taking a break from the platform for a bit.

During the session, they mentioned that using a "Detailed" CPP Benefits Estimate gives much more accurate projections than the "Simple" method. Naturally, I went into my account, switched from Simple (where I’d previously entered my estimated benefit) to Detailed, and left it there.

When I checked my projection scenarios—which were previously 100% funded with a 100% success rate—they were suddenly all under-funded with extremely low success rates. Cue the immediate panic! 😅

After digging in, I realized what happened: switching to Detailed cleared out my CPP income because I hadn't filled out the detailed historical earnings/contributions section yet. Once I switched back to "Simple," my scenarios returned to normal.

Takeaway: If you switch to Detailed CPP, make sure you actually enter your detailed contribution history—otherwise, the platform assumes $0 in CPP income!

(Feature Request Idea for the Adviice Team: It might be helpful to add a soft warning or prompt when switching to Detailed CPP if no income inputs are detected, just to save future users from a heart attack!)

Hi

I was wondering how one can project the reduction for Slow-Go and No-go from based off the Go-Go year?

What the experience says or is there any pattern or common way determine what percentage less?

Would it be around 10%-15% less down the ladder?

Thank you.