Dear MoneyReadyApp users,

Happy New Year!
The MoneyReadyApp is only concerned with the future, and is happy to say goodbye to 2020.

The app has been updated with all of the 2021 tax numbers.
When you log in for the first time in 2021 you will need to do some updating before you can run the TIME MACHINE.
Review any CPP tables. The My Services Canada website will not update your 2020 CPP contributions until later this year, so you will have to estimate.
You will also have to review your PRIORITIES so that new tables are created for 2021. Remember to click the Submit button.

We assume that all taxes are paid up for 2020 already. If you are expecting a tax bill, you may want to enter it as a one-time expense (that is with the same start and end date) for the date you expect to make the payment. Similarly, if you are expecting a tax refund, you can enter it as a one-time Other non-taxable Income on the date that you expect to receive it.

Over the past year, we added two new cash-flow calculators. The first was a simple one that anyone can use for one-off approximate calculations. We now offer it when users first register. That single screen of input also allows us to pre-fill entries in ACCOUNTS, INCOMES, EXPENSES, and SAVINGS, which can help users to learn and to benefit from the site a lot more quickly.
Secondly, we added a very sophisticated calculator that tries to optimise your withdrawal strategy in retirement to minimize taxes and to maximise your legacy (if you want to leave one).
We also now offer Wealthica integration, which makes it easy to have your accounts and loans always up to date, with just a click of a button.

This year, we are working on more tools for advisors to manage their client accounts, a French-language website, and adding more features to the Optimiser algorithm.

Many of you took advantage of our making the site entirely free from March to November due to COVID-19. We are very grateful for the contributions that some of you gave us.  We hope that you will continue to use the most comprehensive, accurate and smartest financial planning app for all Canadians.

If you have any questions, comments or suggestions, please do not hesitate to contact me.
Have a most wonderful and healthy 2021.

Elisabeth Tillier, Ph.D