| Feature | Description |
| Accounts | - Most account types with growth inputs now also include a 'Growth is Fixed' toggle. When enabled, the account's growth will not be affected by insights that involved market-based growth rate performance (ie. market crash, monte carlo, etc).
|
| Plan Differences | - Removed erroneous message about being unable to retrieve plan differences when using the 'swap plans' button.
|
| Dividend Classification | - Resolved an issue where the entire gain from a common share buyback was incorrectly classified as an eligible dividend.
Eligible dividends are now limited to the company’s available GRIP (General Rate Income Pool) value. Any remaining gain beyond the GRIP value is correctly classified as an ineligible dividend.
|
| Monte Carlo | - Monte Carlo will now display on the reports with the corresponding information from the generated insight.
|
| Reports | - Updated missing table header in Estate Analysis Detailed chart to display the correct name.
- Fixed an issue where Non-Legal Partner’s age wasn’t displaying on the x-axis of Report Charts.
- Updated Plan Facts and Assumptions Report to fit properly when in the report page.
- Updated table spacing within Assets (Detailed) Report.
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| Feature | Description |
| Company | - Resolved an issue where the specific buttons for Delete or Done for Company ownership transfer could be bypassed and the changes saved if the macro Done button on the page was clicked. Ownership Transfer action confirmation or cancel should be required before leaving that dialog.
|
| Reports | - In the new reports page, hovering over a report section in the reports library will now display a preview image of the report.
- Corrected an issue regarding the Retirement Summary report wherein we now ensure that the report lump sum section is using retirement as the event and not whatever the last selected event was from the insight.
- Updated Income vs Expenditures report header to now include Real Money in the title if the Real Money option is selected when running the report.
- When generating a detailed Tax report, ‘Total Tax Liability’ and 'Taxes Already Paid In Year' values now correctly display as $ instead of %.
- Added a disclaimer message when configuring a detailed report section of a child or other plan. Specific text is “The events shown in the timeline are based on the current plan. if you have specified a different plan for this report, the events below may not be accurate.”
|
| Company | - Added two new inputs to support modeling Employment Income from a Company in Plan. They are
- Is employer in plan? which if true,will further display those Corporations that exist in the plan for selection.
- Also made two Year View Changes on the Corporations tab.
- A new field for Previous Operating Loss Carryover Value under Taxable Capital Gains.
- A new field for Operating Loss Carryover Value under Gross Capital Loss Carryover.
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| Save and Add Another Gifting Goal | - Fixed a bug where Save and Add another Gifting Goal created a new Gifting Expense instead.
|
| Legacy Page and Estate Report | - Resolved an issue with understated debt values on the legacy page.
Updated estate reports linked to life insurance payouts.
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| Estate Tax Freeze | - When generating an Estate Tax Freeze Report the Preferred Shares will now be displayed in the Other Assets column.
|
| Property | - Fixed an issue with rental income being used to fulfill the purchase cost of its linked property. Rental income will now only display after the associated asset has been purchased.
|
| Company | - Added the ability to select Employment Income from a Company within the plan. Employment will display as an Expense which will also be tax deductible for the company.
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| Feature | Description |
| Pensions | - Corrected values of Canadian Pension Plan rates relative to age 65 benefits.
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| Investment Account | - Within a Non-Registered Investment Account, Account fees can now be fulfilled even when the Withdrawal Limit is set to ‘Do Not Allow’.
|
| Charitable Expense | - Added toggle to indiate if Securities are Transfered in-kind.
|
| Integrations - Launch in Context | - Fixed unlikely case where the app crashed during the Launch in Context ‘Merge’ flow for integrations that do not provide a birthday for the imported people.
|
| Reports | - The reports selection page has been upgraded with a new look and enhanced functionality:
- Report set management has moved to is own page.
- When creating a report set there are options to add, delete and re-arrange report sections.
- Added ability for custom adviser notes at the end of each report section.
- Export options are now located at the top of the screen.
- Added the ability to select distinct periods for each report.
|
| Chart Errors | - An Expense with a value of 0 formerly caused AdviserGo to display an error. This has been changed to a chart warning.
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| System Admin | - Added the ability to remove password from a Client for System Admins in the Admin Console.
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| Feature | Description |
| Company | - Added a new Carryover Assumptions tab to Company. This tab includes three new inputs: Expected Refund, Taxes Owing, and Gross Carried Forward Capital Losses.
- Adding feature configuration option for the Company Disposition functionality, this will be off by default but has the ability ro be re-enabled.
- Added a new feature key for Final Estate Distribution, this key has the ability to be enabled and disabled.
|
| Legacy | - Legacy now displays two additional values: Undistributed Corporate Assets and Unpaid Tax Liability, when they have non-zero values.
- In Detailed Legacy view, Tax details for a Corporate is no longer visible if the Company’s disposition is No Action.
|
| Insights | - Fixed a visual bug when re-running an insight with the ‘Dual Charts’ display mode on.
|
| Savings & Investments | - When selecting Stock Grant → Future Vesting, Fixed an issue in which input values are duplicated after a user clicks on 'Clear'.
|
| Annuities | - In the Immediate/Deferred Annuity ‘Lifetime’ dropdown will always show regardless of account type.
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| Translations | - The user can now choose whether the Company will be liquidated at the death of the Owner or not. The selected strategy has a result on the Legacy page - if the 'Windup' option is selected (set by default), the Company will be liquidated, and the value of the Company and associated taxes (as a result of Dividends distribution) will be included in the Estate, if 'No Action' is selected, the Company Value (and associated taxes) are not included in the Estate, and existing taxes are indicated as unpaid (if the Estate value is not enough to cover them).
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| Taxes | - Company|Added a new Carryover Assumptions tab to Company. This tab includes three new inputs: Expected Refund, Taxes Owing, and Gross Carried Forward Capital Losses. The user may enter a value in either Expected Refund OR Taxes Owing, but not both, to calculate the Gross Carried Forward Capital Losses amount.
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| Pension | - Fixed an issue where the Defined Benefit (DB) Pension field displayed zero when the new start year for updating and promoting the plan was later than the pension's start year.
|
| Reports | - In the Estate Analysis Report, Undistributed Corporate Assets and Unpaid Tax Liability which fall under the values of each person’s Estate Details wil now display at the end of the graph below Total Estate Transfer and Total Tax.
- Added indication of the effect of Company Disposition on the Estate Analysis and Potential Estate Tax reports.
|
| Feature | Description |
| Goals | - Updated the Buy Property Goal to have a “Save & Add Another” function.
|
| Clients | - When managing Client Access and selecting Client Lock, the modal now closes after making the selection.
|
| Taxes | - The Charitable Donation made on Appreciated Capital is treated as In-Kind Donation, the unrealized Capital Gain is not realized on the Donors end and no further tax occurs.
- Updated Alternative Minimum Tax to 20.5% and Lifetime Capital Gains Tax Exemption to allow 70% of gross claim.
- Lifetime Capital Gains Exemption Tax will now start inflating after the 2026 Tax Year within Voyant.
|
| Login Page | - Users will now receive an alert suggesting to change regions when they’re visiting a version of Voyant designed for another country.
|
| Reports | - Updated footer of the Reports to display the correct plan name.
- Updated Reports to no longer display Pension Details title if there is no Pension in the plan.
- Fixed formatting on last page of Taxes Detailed Report when not enough years are present to fill all columns.
|
| Plan Settings | - Updated Major Loss input within Plan Settings to correctly display a Negative Fixed Growth when selected.
|
| Feature | Description |
| Accounts | - When clicking to Edit an Account from Income vs Expenditures or Balance Sheet, you will now always be returned to your previous page on Cancel or Done rather than back to the Dashboard.
- Updated Event edits to display full screen. Corrected the editing feature in the Model to return to the previous location rather than the Dashboard when selecting Cancel or Done.
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| Modals | - Updated Edit Modal to support Bootstrap 4 update and Modal accessibility features.
|
| Reports | - Within Annuities the Status field was updated to display the correct Status as shown on the Dashboard. Corrected French translations for Annuities within the Plan Facts and Assumptions Report.
- When generating a Life Needs Insight Report and there is an calculation error, N/A will be displayed as the need value instead of 0.
Enhanced Reports Sets feature to have a key that enables the user to view and manage Subscription Report Sets. The setting is off by default but can be enabled by a Subscription Owner/Manager. When the Report Sets are not available the configuration page will not be displayed. |
| ClientGo | - Corrected issue within ClientGo when attempting to add a finance such as personal pension or a money purchase and selecting the contribution type as percentage of income where the screen was unresponsive after the input of a decimal.
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| What-If | - Added a new What-If scenario called Company Estate Freeze in which you are able to select a Company, the timing for the Estate Freeze and recipients of the distribution which can only be a person in the Plan or Trust. Once completed you have the ability to review and go back to previous steps of the set-up, the scenario will be stored under Selected Company -> Buyback & Issue New Common Share tab.
|
| Insights | - Updated Estate Plan Analysis & Estate Tax Insight to Deduct Charitable Estate Distributions from Net Estate.
- Updated Life Needs Insight to display N/A when there is an error.
|
| Dashboard | - When navigating to Company → People → Trusts The owner alert shown at the top of a person / company now shows loans they are borrowers of. The text in the alert has changed from Owns to Is Associated With.
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| Company | - Added a new function called Issue New Common Shares, this will allow the company to issue New Common Shares to a person in the Plan or Trust. This function is only allowed if the prerequisite is met, Where the company already bought back all Outstanding Shares and there are no existing Outstanding Common Shares.
- Added Corporate Ownership Advanced Settings which include Company Estate Freeze What-If scenario, the ability to Transfer Ownership and Buyback Share, and a New Common Shares Tab.
- A new tab is now available to model issuing new common shares.
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| Feature | Description |
| Insights | - Updated Insights to save the most recent inputs when switching from the Year View tab and back to Insights tab.
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| Legacy | - Updated Coorporate Rollup section within Legacy tab to no longer have two Estate values listed, replaced the second Estate row to Personal.
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| Insurance | - Corrected an issue with early surrender of Corporate Life Insurance wherein the Taxable amount was erroneously credited to the CDA on the Corporate tab.
|
| Trusts | - Updated various features within Trusts. When Trust Capital Distribution type is All or when it is an Irrevocable Trust, the Trust will transfer any company shares it owns to beneficiaries. When the Trust is Revocable any tax due to the Capital Gain Realization, the expense should be attributed to it’s settlers plan.
|
| Reports | - Corrected labeling at the footer of the reports to correctly display the associated report set.
- Updated Fact Find section to display the Purchase Value when annuity status is in the future. Within Plan Facts and Assumptions, Payment Amount and Capital Element are only displayed if the anuity status is Payment or Deferred.
- Advisors may now create and modify subscription-level Report Set templates to be utilized other clients in the same subscription.
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| Feature | Description |
| Reports | - Updated Loss Capacity Report to display the Asset by Type chart and chart legend as displayed in the generated Loss Capacity Insight.
- When generating an Enhanced Estate Analysis Report for a single person in the plan the hyphen next to the name is removed, when there are 2 people within the report, they are now separated by a pipeline character.
- Updated the Estate Analysis Report to no longer display values if there is no data, when there is data the values are properly displayed.
- Updated Current Year Cash Flow Report to display the Account Fee under Basic Expenses.
- Fixed double counting of Insurance Death Benefit within the Estate Analysis Report.
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| Inclusion Rate | - Updated the Lifetime Capital Gains Exemption and Capital Gains inclusion rate per the 2024 Budget Update.
|
| Shareholder Loans | - Updated the Value to Estate column to now correctly reflect the Shareholder Loan at the value of the lenders death, this is only appplicable when the client who has passed has a surviving spouse. Updated the Legacy Details page to display entry of Shareholder Loan to spouse in the Non Taxable Distribution section.
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| Assumptions | - Relabeled Carried Forward Capital Losses to Gross Carried Forward Capital Losses.
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| Taxes | - Updated the Cumulative Lifetime Capital Gains and Capital Gains inclusion rate to reflect 2024 Budget Update.
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| Insights | - Updated Potential Estate Tax Insight to display correctly when there is a zero net estate.
|
| Feature | Description |
| Accounts | - Changed FHSA participation period start to account opening and closes at beginning of 16th year and year after client turns 71.
- Adjusted FHSA yearly contribution limit to accumulate carry forward values from the purchase year onward.
- Updated Annuity to display correct values on the dashboard.
|
| Reports | - Updated file name to no longer appear as URL encoding when viewing recent reports/attested modals.
- Modified file naming in Export Raw Data and Images to display as Single Plan or Plan Comparison for clarity regarding the simulation context.
- Added a new line break to separate the headers in Corporate and Estate Roll Up report.
- Fixed report generation failure when zero inflation value is selected.
- Adjusted insurance payout to display as income and expense instead of surplus or shortfall.
- Investment Account Fee for each year and Mortgage Payment now has a single row in the table.
- Updated border sizing for tables within the same page and aligned columns of the tables within the page.
- Corrected an issue wherein Spousal Loans were not correctly reflected in reports including but not limited to Net Worth Report, Detailed Net Worth Report.
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| Taxes | - ON Surtax now calculated before dividend credits.
|
| Salesforce | - Update Whole Life Insurance Mappings.
|
| Users | - Added the ability to locate SubGroups alongside subscriptions in one menu.
- Updated AdviserGo Client Search to work with French characters.
|
| Client | - Updated dashboard and plan facts report to accurately display ages calculated based on plan start year versus the current year.
|
| Feature | Description |
| Goals | - Introducing two new goal types: Gifting and Buy Property. The gifting goal can be used to track gifts to charities or others with corresponding tax implications. The buy property goal can be used with any asset type and will create a linked property/asset in the plan.
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| Insurance | - Added validations to ensure that the user selects a valid payout account.
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| Trusts | - When Trust set to distribute All capital, any of the Trust owned property should be transferred to beneficiary by transferring ownership and carry over the original cost basis without taxes being incurred.
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| Debts | - When mortality occurs, while an insurance policy is linked to a (jointly-owned or owned by the secondary) mortgage debt, there is no longer a final payment on the mortgage but instead including that amount into the payoff of the remaining mortgage debt.
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| Taxes |
- FHSA won’t withhold tax in the mortality year of the owner. If the spouse is alive in the owner’s mortality year, the money in the FHSA will be transfered to spouse’s FHSA. If spouse doesn’t have FHSA and primary’s FHSA closure option is Transfer, the funds will be transfered to spouse’s RRSP or RRIF (without any new tax introduced).
The FHSA will be liquidated on death when certain conditions are met
- If a person dies with unpaid taxes and the person has a property which is not a primary residence, we will now liquidate the property to fulfill the taxes. The recipient of any estate property is now responsible for any unpaid taxes of the deceased.
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| Assets | - The full asset value is now being attributed to the survivor in the event a jointly-owned asset purchase in the future occurs after one of the people on the plan reached their mortality event.
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| Pension | - Corrected randomly occurring distortion in optimization algorithm.
|
| Accounts |
- The Line of Credit is now available as a payment source for all expenses and debts that already have the Payment Source tab. Other types of debts or loans are not included intentionally.
- Use preferred funding source in liquidation order that's input.
- For nonregistered CA investment accounts, fees have been separated out from the capital appreciation and yield transactions so that the account is first grown and then a separate fee expense is generated and fulfilled from the account.
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| Reports |
- Disallow users from spamming the generate report button while a report is currently being generated.
- Variable Annuities will now be displayed under the Retirement Accounts section of the Fact Find Report.
- Corrected an issue with legends not present on exported reports
- The reports now display the Gifting and Buy Property Goal types.
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| Feature | Description |
| Reports | - Transfer Payout to account of insurance proceeds now shows on cash flow reports.
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| Stock |
- Hides Vested/Exercised shares tab if the year of a stock grant is after the plan start year. If not, then the tab shows but there are additional validations for vested and exercised date fields.
- Stock Grants now displaying in Year View under the Investments tab. Was due to non handling of whitespace and special characters properly in client name.
|
| Company |
- Added a new dropdown for Company Ownership Transfers called Transfer Type with three values Preferred Shares Only, Common Shares Only, All shares.
- Corrected an issue on the Estate Analysis Report with the change in value of a corporation. It should simply be based on the common shares where value has already been assigned to the preferred shares.
- Share Buy Back feature introduced. Please see feature document for details. Feature key required company-share-buybacks.
- Added Company Buy Back Shares to the Plan Facts and Assumptions Report.
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| Loans | - Corrected an issue with Shareholder loan repayment and property sale in same year.
|
| Pension | - Corrected an issue with OAS clawback, also inserted correct OAS payment amount for 2024 of CA$713.34.
|
| Calculation | - The adjusted aggregate investment income calculation has been updated to include dividends and taxable capital gains. The correction of AAII applies to both federal and provincial small business deduction phaseout amounts and eliminates a potential understatement of corporate taxes.
|
| Feature | Description |
| Trust |
- The placeholder text for Inception Year of an existing trust is now set to the current year rather than the previous non-sensically low numeric value.
- Fixed an issue where trust capital or income distributions to a person outside plan go to an account owned by the plan primary or spouse.
- Previously when adding a step to the trust payout amount, the value was not retained and instead reverted to zero.
|
| Financial Assumptions |
- We have refreshed the Custom Market Assumptions uploader with a new look, including the ability to preview the investment classes & their specific rates. This feature has moved from the Profile Dropdown to the new Financial Assumptions dropdown on the main advisor route.
- Things moved to the Financial Assumptions dropdown are Subscription Preferences, Model Portfolios, Market Assumptions, Tax Regimes.
|
"
| Legacy |
- Exclude same year property purchase that has not been fulfilled since the expectation is that the asset is either purchased or not purchased but never both.
- Fixed a bug where the Legacy Overview page displayed inconsistent legacy amounts between the chart and detailed view.
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| Reports |
- Since Potential IHT/Estate Tax is real money eligible, the real money icon will now appear on the right side of the reports page if the Potential IHT/Estate Tax insight report is selected and the real money toggle is on.
- Value of corporation in Current Year Net Worth was incorrectly reduced by liability.
- Cashflow Report- Planned withdrawals from corporation will no longer show as allocated to savings.
|
| Accessibility |
- Added alert for screenreaders on plan change saves.
- Fixed footer for a11y reports- were causing additional pages and were not properly aligned.
|
| Dashboard | - Cash Sweeps are now categorized into separate bucket on the dashboard.
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| Taxes |
- The tax chart was including Trust taxes which it should not.
- Additional corrections to 2024 AMT calculation including use of standard tax total taxable income value in calculation of charitable donation credit and exclusion of non-eligible dividends in calculation of adjusted income.
|
| FHSA |
- Tax will be withheld on non-qualified withdrawals and taxable accounts closures.
- Carry forward and Participation Room values now reflect lifetime limits and the ending of the participation period, and now accounting for total contributions as tax deductible.
|
| Property | - The Inflation Rate input field is now hidden for new purchases, provided that the market value is entered as a future value.
|
| Income | - Interests, dividends and taxable gains are now included in the adjusted net family income when calculating the government grant and bond amount for RDSP and RESP. Before this ticket, adjusted net family income in Voyant only included earned income.
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| Pension | - Issues with CPP sharing and the CPP value displayed in tax year view have been corrected.
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| Insurance | - Corporate joint last to die insurance was incorrectly inflating the taxes on death.
|
| Feature | Description |
| KnowlegeBase | - Support|For multi-tenant users only (non-enterprise), a link to Voyant’s Support Knowledge Base is now displayed in the upper right corner in AdviserGo.
|
| Transfers | - Fixed a bug where the red validation border is still active when the Transfer From account is already selected.
|
| Loans |
- Added a Present Value vs. Future Value toggle for future loans, hidden for existing loans.
- Fixed a bug in Loan payment at Beginning of Year wherein the loan payment interest income was double counted.
- Future Loans|Payment will no longer be inflated by default for future loans. Added the ability to specify Present Value or Future Value.
|
| Annuities | - Fixed a bug where the Max without Penalty withdrawal type was conditionally an option. Now always an option.
|
| Stock Grant | - Stock Grant Year View Details – The display of Price (Start of Year), Price (End of Year), and Strike Price values has been updated to show values down to the penny.
|
| Company |
- Fixed a bug in CA Company where Company holds a loan to Person Outside_Plan. The balance of this loan should be collected and distributed to Company Owners.
- Fixed a double counting issue when a company does not have sufficient funds to make full payment for a share holder loan, the partial payment is double counted in Cash Flow chart and details.
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| Loss Capacity | - Exlcluded company shortfall from loss capacity simulation to prevent a zero percent return when company already had a previous shortfall.
|
| Tax |
- Corrected an issue with RDTOH calculation- see ticket for details.
- The marginal tax rate calculation has been updated to include the ON surtax and QC abatement. See ticket for details.
|
| Insight | - CA Pension Transfer Insight Calc Note|Added a note to the CA Pension Transfer Insight in the Retirement Income tab specifying how the spending capacity is calculated.
|
| Report |
- Potential Estate Tax Report|Dual comparison version now shows Estate Before Taxes, Estate Tax, Net Estate.
- Fixed estate analysis report not running in a certain scenario with an annuity in the plan.
- Current Year Cash Flow Report|Fixed formatting issue impacting subsequent reports when the Current Year Cash Flow Report exceeds one page.
- Carryover Tax Expense|We added logic to further specify the Owner for Estate Reports to prevent duplicate labeling.
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| Adviser->AdviserGo | - Term Life Insurance | Added fields to control benefit and premium escalation over time.
|
| Feature | Description |
| Plan Dates | - Move Plan Start Date|Users can now move the base plan start date backward in time. Select Edit Plan Start Date from the plan actions menu under Plan Dropdown, Manage Plans. Moving the date forward will still require the use of the Update and Promote flow.
|
| UI |
- Fixed an issue on touchscreen devices, like iPad, where users were unable to hide/unhide chart items via the legend.
- Fixed an uncommon issue where users were unable to save a 0% value if the input was previously blank.
- Missing heading on tax bracket tab caused spacing issues.
|
| Accessibiliy |
- Improved Accessibility on the Login Page by adding appropriate alt attributes to images and form inputs, ensuring proper ARIA roles utilized, enhancing keyboard nav and focus management, verifying contrast ratios for text and background colors, etc. General housekeeping.
- Added accessible headings and styles for What If flows.
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| Liquidation | - Stock Grant Liquidation|Enhanced the user experience by changing the liquidation type labels for clarity. From Fixed Amount to Fixed Amount Recurring. From Number Of Shares to Number Of Shares Recurring.
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| Stock Grant | - ESO - Sell percentage of the shares to purchase the rest issues resolved.
|
| Estate |
- Potential IHT Insight|Redesigned UI Charts and Report to include yearly analysis of before benefits, death benefits, before taxes, Inheritance Tax, Estate Distribution, and Net Estate.
- Potential Estate Tax Simulation and Report|Extended Timeline to Plan End
- Potential IHT Insight|Result values includes before benefits, death benefits, before taxes, Inheritance Tax, Estate Distribution, and Net Estate.
- Feature Key for IHT Insight is potentialTaxInsight- new chart type called Estate Analysis
- Potential IHT Report|Redesigned UI Charts and Report to include yearly analysis of before benefits, death benefits, before taxes, Inheritance Tax and Net Estate.
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| Transfers | - Unmatured employer-sponsored RRSP now can transfer to unmatured personal RRSP after retirement.
|
| ClientGo | - Users can now edit expenses added by their advisor via AdviserGo- previously a user was able to edit expenses entered in ClientGo only.
|
| Admin | - Feature Key Descriptions|In the admin console, feature keys now have descriptions in a new column.
|
| Year View | - Improved the Year View data for RSUs by removing some unnecessary information.
|
| Report | - Plan Facts Report | Update windfall value such that it does not have the per month indicator since it is not a monthly value.
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| Feature | Description |
| Inline Help | - Inline Help can be set on by default by administrative user or Voyant support by enabling the feature key enable-inline-help-default (requires feature key learning-system, can subsequently be turned off persistently by the user if desired.)
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| Events | - Property and Multi-year expense timing are now defaulted to the plan end event and not the last mortality event.
|
| Stock Grant | - Improved the user experience by simplifying the inputs for stock grant. Stock grant now only needs the remaining shares to be modeled.
|
| Calculation Update | - Starting in 2025 the calculation of YAMPE is an additional 14% of the indexed YMPE.
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| AMT | - Additional updates and refinements made to AMT calculation including dividend gross up, dividend credit, charitable donation credits, and other NRTCs.
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| Accessibility | - The A11y report option now provides a zip with chart data, as well as the A11y report pdf.
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| Share Ownership | - Added validation when missing an owner.
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| Guided What If | - Buy A Home and Rightsize Guided WhatIf| now default the property timing to plan end. NOTE that changing owner of property will not impact timing.
|
| Year View | - Corrected a situation where Year View showed No Investment Data Available for nnnn (where nnnn is a valid year in plan with investment data) such that the phrase only appears when there is no investment data for the selected year.
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| Feature | Description |
| Charts | - Add person icons to the x-axes on the chart.
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| Report | - Detailed Cash Flow report - corrected Amount Allocated to Savings.
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| Tax Calculation | - Single Year Expenses and Goals may now be designated tax deductible.
|
| Tax Calculation | - Small Business Deduction Eligibility Toggle|Companies now have an input that if set to true will disqualify that company from any federal or provincial small business deduction tax eligibility regardless of income amounts.
|
| Companies | - Company Ownership Details|Enhanced the user experience by keeping the expanded or collapsed state of the table while moving the year slider.
|
| Stock Options | - Fixed erroneous liquidation of an underwater stock option.
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| Insight | - Canada Pension Plan Insight and Quebec Pension Plan Insight|Compare CPP/QPP Pension Plan Benefits by easily adjusting retirement age and life expectancy to maximize benefits.
|
| Feature | Description |
| Tax Rate Brackets | - Add an illustration displaying tax rate brackets. Requires effective-brackets feature key be enabled. CA region under Plan Settings/Effective Tax Brackets and visible if two or more tax brackets.
|
| Cash Flow Charts | - Fixed an issue where Loan Payments and Insurance chart items appeared in the opposite order between AdviserGo and the Report Cash Flow Charts.
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| Year View | - Corporate Preferred Shares and Share Classes Ownership details are now broken down individually in Year View.
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| Transfers | - When a user adds a transfer from an account edit screen, the UI now requires the user define if the account is the target or destination account.
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| Estate Plan | - Corrected an issue where Canada Estate Processor was incorrectly triggering capital gain on Principal Residence.
|
| CPP/QPP | - The NRTCs and tax deductible expenses calculations from CPP2 contributions have been corrected. The entirety of the CPP premium (base amount) up to the YMPE less $3,500 should be used in the NRTC calculation. This calculation also affects the ECPP premium (“additional contributions”) which are used in the calculation of a tax deduction, not a credit.
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| Charitable Donation | - An issue causing charitable donation credits calculations values to be too high in some cases was resolved.
|
| Feature | Description |
| Transfers |
- The UI now seamlessly handles changes to transfer events. When converting a recurring transfer to a single event, the start event automatically becomes the single event. The end event is discreetly retained, ready to reappear if the transfer is switched to recurring.
- Added validation to prevent creating a transfer without a source account
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| Monte Carlo | - Corrected an issue where the spouse age was intermittently plotted on the Monte Carlo chart.
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| Variable Annuities | - You can now add beneficiaries to variable annuities to allocate payouts on mortality.
|
| Linking Properties from a Debt | - Resolved an issue where newly linked properties from a debt did not consistently save.
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| Insights | - Insight results charts will now display results using real money values.
|
| Feature | Description |
| Accessibility Improvements | - A number of accessibility improvements have been made including:
- Users can now navigate the charts with their keyboard.
- Screen readers will now announce the legends for the charts.
- Users can now click on the labels in the charts with the keyboard.
- Upgraded the charting library used in AdviserGo to provide additional options to address accessibility needs.
- Corrected multiple table headings and structure.
- To enhance keyboard navigation, all interactive buttons and links now receive clear visual focus indicators when tabbed through. These indicators may include an underline, a change in font weight, a background color change, or a border around the focused item. This enhancement ensures that keyboard users can easily identify and interact with elements throughout the application.
- Corrected several roles issues.
|
| Pension Transfer Sim | - The pension transfer simulation now includes Let's See Chart functionality for Canadian users, providing visual insights into the simulation results. Upon completing the simulation, the UI intentionally scrolls to the bottom of the page, ensuring that users can readily access the newly generated charts.
|
| Translations |
- The Show Translation Keys toggle has been added to both advisor preferences and plan preferences under the Display section.
- The toggle's visibility is now controlled by the feature key. When the feature key is on, the toggle is visible; when it's off, the toggle is hidden.
- Enable the Show Translation Keys toggle to visualize the location of translation keys within the UI. This visual representation enhances contextual understanding when crafting translations in other languages.
|
| Personal Tax Refactor |
- Taxable Income is now separated into three parts:
- Total Income: The total income before any deductions have been applied, except for the 50% reduction for taxable gains.
- Net Income: The total income less deductions. Net Income is now used to calculate the OAS clawback.
- Taxable Income: Net income less Capital gains, LCGE, and stock grant deductions. This section now uses taxable values (50% reduced) for capital gains and related deductions.
- Federal and Provincial Tax: Federal and provincial tax sections have been separated to include federal and provincial-specific income tax, deductions, and credits, and net income.
- Tax Summary and Carryover Amounts: This section now only includes the Cumulative Income Taxes field from the previous cumulative taxes section. Contribution/Carryover room values should be EOY.
- Tax Brackets and Rates: This section is very similar to the tax summary but appears at the end.
- The Additional Tax column has been removed from the Taxes Detailed report.
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| 2024 Updates |
- AMT calculation updates for 2024:
- AMT rate increased to 20.5% and in line with the 2nd federal income tax bracket rate.
- AMT exemption set to lower 4th federal bracket lower threshold and will index with threshold.
- 100% of capital gains included in adjusted taxable income.
- Capital gains loss carry forward deduction reduced to 50% and LCGE deduction reduced to 7/5 of amount used in regular tax calculation.
- Majority of NRTC’s reduced to 50% when calculating AMT.
- AMT calculation triggered in additional scenarios including high amounts of realized capital gains and/or stock option benefits.
- Quebec's nonrefundable tax credits have been updated to reflect the province's tax code.
- Quebec's AMT (Alternative Minimum Tax) calculations have been aligned with the federal AMT rules for 2024, with the following exceptions:
- Quebec's AMT exemption is set at $175,000 (indexed for inflation).
- Quebec's AMT rate is set at 19%, up from 14%.|
- CA Taxes Updates for 2024
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| RESP | - Resolved an error that caused an unnecessary CESG Catch Up item to be created.
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| Icons |
- We implemented a refreshed set of icons across our entire product suite, designed to embrace a contemporary design with increased contrast, improving comprehension at a glace. Customized icons are not affected.
- Enhanced the report bar charts with new event icons and a restructured event representation.
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| Plan Promotion | - Addressed items related to promoting the following entities from child plans to base plans.
- Trusts with Beneficiary Information applies to trusts in Canada, the United States, and Australia.
- Companies with Common and Preferred Share Ownership:
- Common share ownership and preferred share ownership percentages for companies in child plans will now be promoted correctly to the base plan.
- This applies to companies in Canada, the United Kingdom, and Australia.
- Term Life/Whole Life/Protection - Beneficiaries and Maturity Data:
- Beneficiary percentages for Term Life, Whole Life, and Protection insurance policies in child plans will now be retained when promoted to the base plan.
- Maturity data for insurance policies in child plans will now be promoted correctly to the base plan.
- These changes apply to insurance policies in the United States, the United Kingdom, and Australia.|
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| Feature | Description |
| Cash Flow Detailed Report | - The stack order of an Insurance on the Cash Flow Detailed chart has been adjusted to match with the ordering on the PDF report. Previously, Insurance was displayed as the last element in the chart but was listed as the third item in the report.
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| Sample Clients | - Advisers can now add sample clients to their AdviserGo accounts with ease. Simply click the Sample Clients tab on the advisor homepage to see a list of pre-created clients that you can add, and optionally, copy and give a custom name. Requires show-sample-client feature key.
- Click the Sample Clients tab on the advisor homepage.
- Browse the list of sample clients and click the one you want to add.
- If a sample client with the same name already exists, you'll be prompted to either create a new copy or navigate to the existing client.
- If you are creating a new copy, you will be able to specify the client type and first and last name.
- Click Save to add the client to your account.
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| Transfers | - Liquidation before transfer is now available when transferring between two non-registered investment accounts.
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| Investment Returns | - The Investment Returns Insight now includes cash accounts in its calculations.
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| Monte Carlo | - Monte Carlo Insight in AdviserGo now includes Net Worth Goals and goals created in ClientGo.
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| Voyant Disclaimer | - Updated the Voyant default disclaimer in client reports to be more informative.
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| Custom Market Assumptions | - Improved the accuracy of correlation coefficients file uploads by adding additional validation.
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| Feature | Description |
| Client Invites | - Advisors now have the option to deliver the client PIN manually if the client is unable to access the PIN via SMS.
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| Insights | - Added a dual chart view to insights to allow comparison of insight chart to plan chart, and other improvements in design and labelling consistency across insights.
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| Reports | - Corrected an issue where the text entered or copied into the Report screen editors would not appear in the generated reports.
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| Life Needs | - Ensured that the ownership of an insurance policy is transferred to the primary beneficiary (or spouse, child, other, in that order) if the policyholder dies before the insured person. This fixes a situation where premiums were still being billed to the deceased policyholder, causing a large insurance need.
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| Pension Commutation | - Pension Commutation Updates:
- Improved the accuracy of Spending Goal ownership by ensuring that it is always set to the owner of the DB pension and their spouse or unmarried partner (if the spouse or partner dies after the owner of the DB pension).
- The analyzer now checks for shortfall until the later of the date of death of the DB pension owner or the date of death of their survivor (if the survivor has a survivorship percent).
- We now show the future value of the payout result.
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| NEW Pension Commutations | - We have added a new feature that allows you to calculate the transfer split for DB pension commutations. This feature is similar to the pension transfer insight, but is now available within the DB pensions screen.
This is done by adding a new toggle to the Defined Benefit Pension. If this toggle is on, the system will calculate the transfer to the LIRA. If it is off, the user will be able to specify the amount to transfer to the LIRA manually.
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| Feature | Description |
| Accessibility | - Voyant audited the AdviserGo application from top-to-bottom and added or improved alt text where needed.
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| ClientGo | - Annuities are now viewable in the Finances list as read-only.
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| Estate | - Added Potential Estate Tax Simulation and Reports. On by default, and can be disabled with |potential-estate-tax-insight| key.
- The Potential Estate Tax Insight now has a report option to reflect the results of the simulation.
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| Goal Progress | - For a property co-owned by a Trust and a Person, corrected the Property linked Goal Progress Calculation by totaling expenses previously apportioned between Trust and another person.
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| Pension | - Pension transfer insight does not work when asset allocation is turned on
- Taxes on DB pension income now is withheld at source. Using the following website as the withheld tax formula references: [https://pspp.pensionsbc.ca/tax-information-for-retired-members|https://pspp.pensionsbc.ca/tax-information-for-retired-members|smart-link]
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| Promotion | - Users can now promote items and accounts added in a what-if plan to the base plan. The option to Promote will be visible from Overview | Plan Differences- whenever in a child plan and comparing to the base plan.
- Fix to update multi events for Onetime Payments.
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| User Menu | - Corrected verbiage under User Menu where Preferences was inadvertently replaced with Expand User Menu.
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| Feature | Description |
| Tax |
- Deduct all the tax credits from basic province tax before calculating surtax, and we will see a tax refund which is equal to the deduction of surtax by the province tax credits. In the past, we only deduct charitable donation credit before calculating surtax.
- Business tax calculation has been corrected for ON and NB to exclude federal passive income business limit reduction when determining provincial active income rate.
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| Trusts |
- Other income owned by a trust and distributed to individual beneficiaries will no longer automatically be saved to default cash accounts.
- Made the following corrections and clarifications:
- All trust assets now appear in the plan worth charts.
- Revocable trusts are included in the asset and net worth charts ONLY if their settlor is the primary or spouse.
- Irrevocable trusts do not appear in the assets and net worth charts regardless of who the settlor is.
- Plan worth now has a separate Trust Assets category.
- The net worth and assets reports now display trust assets correctly.
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| Insurance |
- Long Term Care Insurance event timing corrected.
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| Language |
- Support for Traditional Chinese has been added to reports.
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| Home Application |
- Added new tab under Profile section that allows the user to change the phone number tied to their account.
- Enhanced security for changing an email by requiring a confirmation code from the new email address.
- Updated text descriptions and external links in HOME.
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