LIFEPlan means selecting the financial strategies that will best contribute to achieving your clients' goals, in accordance with their needs and priorities.
Planning of Major Expenses
With LIFEPlan, you can illustrate each of the major expenses with a color to make it easier to identify in the spreadsheet. This also makes the plan easy for your client to understand, and the plan is focused on achieving their goals, including retirement.
Financial Security Test
This feature allows advisors to create three financial plan scenarios and make any necessary changes to illustrate the financial security test. They only need to follow the steps indicated on their computer screen.
The Drawing Down Investments of a Holding Company
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Incorporate withdrawals into your client's financial plan.
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Set up your strategy (advances, eligible dividends or not, contributions, annual and lump sum withdrawals) .
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Illustrate company expenses, like insurance premiums.
Automatic tax calculation
No tax rate to be added.
Home Buyers' Plan is shown on the map
Includes all types of income
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Salary
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Dividends
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Rentals or others
Choice of priority order of withdrawal by plan.
LIRA / LIF
Complies with the federal or provincial charter for provincial plans for the calculation of maximum allowable withdrawals.
Calculation of
capital gains
Adjustment of the book value for withdrawals and contributions to the non-registered plan.
Income splitting
Complies with tax rules.
Recovery of the Old Age Security
