Planit:Tax Assumptions

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In this Video you will Learn...
What are the tax assumptions for my jurisdiction, and how are they used?
• Tax assumptions by jurisdiction
• Exemptions and rooms currently available to use
• Income splitting

Keep on Track! Continue training on...
Integrated Planning Life Planning
Getting Started Planning Assumptions Screen

Other Related Topics
Income Tax Splitting Introduction to the Planning Assumptions Screen (Canada) Introduction to the Planning Assumptions Screen (Malaysia)
How Are Taxes Calculated? (Canada) How Are Taxes Calculated? (Malaysia) Jurisdiction


The material in this video may differ somewhat from what you see on your site due to difference in version, jurisdiction, corporate content or access level. Regardless of these differences most of the core functions are consistent across all sites, so you'll be able to benefit by and large from what you learn in this video.


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The field “Super Lifetime Capital Gains Exemption” would only be necessary for clients who have a qualifying business that would be eligible for the $750,000 capital gains exception in Canada. It also would apply for family farms. In cases where this is applicable you can record the remaining exemption available for the client and the spouse.

The “Unused RRSP Contributions” field. This allows you to identify any cumulative unused contribution room the client and spouse currently have. You only need to enter this information if your client is currently contributing more than the normal RRSP limits and thus utilizing the unused contribution room.

Lastly you now have a field for the “Unused TSFA” field.

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