Product update | NaviPlan 19.2 release

September 30, 2019 by John Heinen

about the author:

John Heinen

Chief technology officer

As chief technology officer, John provides strategic, operational, and programmatic support of our products to the greater Advicent organization, our partners, and the industry. He leverages his decades of software development and product management experience to define business and product strategies, work directly with clients in providing technology solutions, and build product and service delivery organizations that deliver results while meeting regulatory requirements.

Our most recent update to NaviPlan includes visual enhancements of various reports and areas within the application, increased business planning functionality, and more.

Operating company improvements

Automatic operating company to holding company distribution

Distributions from an operating company now automatically flow into a linked holding company. This change:

  • Ensures private corporation taxes are accurate.
  • Adjusts GRIP and CDA values automatically.
  • Saves time during data entry.

To apply automatic tax-free distributions, ensure:

  • The holding company is the operating company’s parent.
  • The holding company owns at least one share in the operating company.
  • The Connected checkbox on the Share Structure page is selected.

Quebec 5500 hour rule support

Operating companies taxed in Quebec have the option to include or omit the Small Business Deduction on the Historical Data tab. This change improves tax accuracy for Quebec operating companies.

Tool-tip additions to the Historical Data tab

Help tool-tips have been added next to most operating company checkboxes. This change clarifies how the checkboxes effect tax and value calculations.

Surplus savings split

Surplus savings strategies now allow for client and co-client incomes to be factored and saved individually. Different savings percentages for each client can be entered using each client’s individual surplus. This change expands tax accuracy for non-joint filling plans and allows for additional savings strategy flexibility.

Go to the Assumptions page - General tab to select the Surplus Splitting setting. Surplus split strategies can be added on the Strategies page - Surplus tab.

Visual updates

Updates for quick action reports and legacy client reports

The Quick Action and Legacy Client reports have been updated to be consistent with the version 19.0 visual design updates. All functionality of the reports and their location within the application remains the same.

Asset allocation and graph colour updates

The colours for the asset allocation classes and graphs have been updated to be consistent with the version 19.0 visual design updates. The new colours appear where ever graphs or asset allocation values are present.

What Are My Options report change

The What Are My Options reports now include a separate table for the What Are My Options choices. This change improves client readability.

Miscellaneous changes

Itemized Cash Flow quick action report changes

The Itemized Cash Flow Quick Action report now includes a separate header for the client’s and co-client’s age. This change improves readability especially when clients are nearing retirement.

Canada Child Benefit calculation enhancement

The Canada Child Benefit calculation now can be excluded within the Historical Data tab of the Assumptions page via a checkbox. This change improves tax flexibility, allowing for NaviPlan to support more planning situations.


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