These settings allow you to enter tax balances that exist before the start of the plan.

Expected Refund

Enter any tax refund that the client is expected to receive.

This amount is applied as a tax credit in the first year of the plan, increasing available cash flow during that year.

You may want to enter this value if:

• The client expects to receive a tax refund shortly after the plan begins.
• You are modelling the current tax year before the refund has been received.

Taxes Owing

Enter any personal income tax that remains payable at the start of the plan.

This liability is reflected in the first year of the cash flow.

You may want to enter this value if:

• The client has an outstanding tax balance with the CRA.

Gross Carryforward Capital Losses

Enter any unused capital losses that can be carried forward.

Voyant uses these losses to offset future taxable capital gains where applicable.

You may want to enter this value if:

• The client has unused capital losses reported by the CRA.

Province

Select the province or territory used for provincial income tax calculations.

Changing this setting updates the provincial tax rules applied throughout the plan.

Review this setting whenever:

• The client resides has moved to a different province.
• The client is expected to relocate during the planning period.

Alternative Minimum Tax Carryover

Enter any Alternative Minimum Tax (AMT) credit available to the client.

Eligible AMT credits may reduce taxes payable in future years where permitted under Canadian tax rules.

Exemptions

Lifetime Capital Gains Exemption Claimed to Date

Enter the amount of the client's Lifetime Capital Gains Exemption (LCGE) that has already been used.

Voyant uses this value when determining how much exemption remains available for future qualifying capital gains.

You may want to enter this value if:

• The client has previously claimed part of their LCGE.

Education Carryforward Assumptions

These settings help Voyant correctly calculate future RESP contributions, grants, and education-related limits.

RESP Contributions to Date

Enter the total RESP contributions already made for the beneficiary.

Voyant uses this information when calculating remaining contribution room and grant eligibility.

CESG Carry Forward

Enter any unused Canada Education Savings Grant (CESG) entitlement available to the beneficiary.

This allows Voyant to correctly calculate future CESG payments.

AIP to RRSP Lifetime Transfers to Date

Enter the total Accumulated Income Payment (AIP) amounts previously transferred from an RESP to an RRSP.

Voyant uses this value when determining the remaining lifetime transfer limit.

Disability Carryforward Assumptions

These settings apply when modelling Registered Disability Savings Plans (RDSPs).

RDSP Contributions to Date

Enter the total contributions previously made to the RDSP.

Voyant uses this value when calculating remaining lifetime contribution limits.

CDSG Contributions to Date

Enter the total Canada Disability Savings Grant (CDSG) amounts already received.

This allows Voyant to determine remaining grant eligibility.

CDSG Unused Grant Room

Enter any unused Canada Disability Savings Grant entitlement.

Voyant uses this information when calculating future grant payments.

CDSB Contributions to Date

Enter the total Canada Disability Savings Bond (CDSB) amounts previously received.

This allows Voyant to determine future bond eligibility where applicable.

TFSA and Retirement Carryforward Assumptions

These settings establish available contribution room for registered savings plans at the beginning of the plan.

Unused TFSA Contribution Limit

Enter the client's available TFSA contribution room.

This value is commonly found on the client's Notice of Assessment.

Voyant uses this value when determining future TFSA contribution capacity.

Unused FHSA Contribution Limit

Enter the client's available First Home Savings Account contribution room.

Voyant uses this value when calculating future FHSA contributions.

FHSA Contributions to Date

Enter the total FHSA contributions already made.

This allows Voyant to determine the client's remaining lifetime FHSA contribution limit.

Apply RRSP Deduction Limit From Notice of Assessment

When enabled, Voyant uses the RRSP deduction limit shown on the client's Notice of Assessment instead of calculating available contribution room from plan activity.

Enable this option when you want the software to use the CRA-reported deduction limit as the starting point for future RRSP contribution calculations.

Apply CPP Sharing

When enabled, Voyant automatically applies CPP sharing between eligible spouses where appropriate.

CPP sharing can reduce household taxes by reallocating eligible Canada Pension Plan retirement benefits between spouses.

Enable this setting when you want CPP sharing to be included in the plan's tax calculations.

Best Practices

Carryforward Assumptions help ensure that a plan begins with the client's actual tax position rather than assuming they are starting from zero.

For the most accurate projections:

• Confirm provincial residency to ensure the correct provincial tax rules are applied.
• Review capital loss balances, RESP information, RDSP balances, and other carryforward amounts whenever the client's tax records are updated.

Accurate carryforward values improve the accuracy of future contribution limits, taxation, government benefits, and retirement projections throughout the financial plan.