Product update | NaviPlan 20.0 release

March 5, 2020 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.

NaviPlan 20.0 includes updated tax calculations, enhanced private corporation functionality, dynamic reporting graphs, and client report improvements.

This article refers to the Canadian NaviPlan 20.0 release. To learn about the features available in 20.0 for U.S. NaviPlan users, click here >

Tax updates

Updates to federal and provincial tax calculations provide the most up-to-date analysis. Some keys changes include:

  • Federal and provincial bracket updates

  • Basic Personal Amount changes

  • 2020 contribution limits

  • 2020 CPP/QPP/OAS values

  • Dividend tax rate updates

Private corporation changes

Updates to private corporations’ valuation align with advisor and client expectations. Net worth and estate reports list private corporation overall net worth and break down taxes and various factors. This change provides a clearer picture by:

  • Improving the accuracy of asset values.

  • Clarifying how private corporation net worth factors into the plan.

  • Making valuation reports easy to explain.

Private corporation sales are available within the details of the asset. This feature improves planning flexibility for private corporation assets and promotes a more realistic financial plan for retirement.

Report graph improvements

In-app and Quick Action report graphs have a new look with enhanced functionality. Graphs now offer filtering that dynamically highlights data for client needs. This change makes graphs easier to read and more beneficial during client meetings.

Report graph in version 19.3:

Report graph in version 20.0:

Default font change for client reports

Updates to the default font used in client reports enhance the readability of text. The new font incorporates users feedback experienced based on their computer setup.

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