Dear MoneyReadyApp users,

We have added new functionality to the MoneyReadyApp. The program now calculates disability tax credits, the caregiver tax credits, and the eligible dependent credit for single parents and caregivers.
The calculation is done federally and for all provinces and territories. We aim for accuracy but can not guarantee the tax calculations.
CHILDREN are now DEPENDENTS on the Menu. For children you have already entered, they are assumed to be able and dependent (for tax purposes) until their 18th birthday. You can edit the child if you wish to make changes. You can also add additional eligible dependents (current or future).
If you or your spouse are eligible for the disability tax credit, you can now indicate that by checking the box in your PROFILE.

Many of these benefits are income-tested, so we also now allow you to enter INCOMES for your dependents.
If you have a CCPC, you can now specify income from the CCPC to your dependent (instead of "Other') and their taxable income will automatically be adjusted.
You will not see the income to your dependents, just the tax benefits to you when applicable.

We have also made the site faster for people with many accounts and investments as it would get bogged down with all the graphs.
You can now download the All-Investments table to csv or Excel.
You might be seeing dividends appearing in your distributions table, that you can also download.

We have added a FAQ for registered users with a list of common pitfalls that we have gathered from user comments.
Let us know if you'd like us to add anything to the list or to the FAQs.

We welcome any questions and feedback,

Elisabeth Tillier, Ph.D
Head of Money-Ready

Dear MoneyReadyApp users,

We are pleased to announce three major updates the MoneyReadyApp.

First, as we recently added functionality for disabled users and dependents, we have now added RDSP accounts.
The amounts for grants, bonds, and repayments, are calculated in the TIME MACHINE and you will see them in the account graph and in an extra column in the downloadable Excel and .csv files.
We have also added such a column for RESP accounts, so you can see the CESGs coming in.
RDSP accounts are quite complicated. If they are at all applicable to you, we strongly urge you to read that new section in the MoneyReadyApp eBook.
A beneficiary can only have one of each RDSP and RESP accounts, which raises the problem if the account holds investments in different currencies as we allowed only one currency per account.

So second, we now allow accounts to hold investments in any currency. This was our most voted on feature in VOTES.

Last, we also allow investments to be moved to other accounts in case you want to reorganize them without re-entering them. It also makes it easy to use our Account Rebalancing tool in creative ways.

The Help pages and eBook have been updated, and we always welcome any questions and feedback,

Elisabeth Tillier, Ph.D
Head of Money-Ready

Dear MoneyReadyApp users,

We have added a new functionality to the MoneyReadyApp. This one is for dividend-lovers. From now on, you will be able to see all dividends and distributions received, in the form of a table. It is accessible from a button below your ACCOUNTS table or your All-investments table.
This will allow you to see the changes we made to your investments and keep track of dividends.

Previously, we updated your investments with new prices and distributions only when you clicked on the ACCOUNTS and INVESTMENTS link.
But this was slow and not scalable for people with many investments.
We now automatically update everyone's investments nightly, just after we have received and processed the market data from Fundata.
This means you will no longer see the distributions as a flashed message when you click accounts and investments. The table will load much more quickly, and you can view/print or download the stored distributions.
Another plus is you will only see the "We are updating market prices, please review your accounts and investments later" very briefly, if at all.

There is a Help for this page on the Distributions table page with more details.

We welcome any questions and feedback,

Elisabeth Tillier, Ph.D
Head of Money-Ready
www.moneyreadyapp.ca