(WEBINAR) 📈 Provide tax planning guidance with clarity and transparency (Feb 25, 2026)
During this 1-hour webinar, we demonstrated the tax transparency features within Snap Projections. A summary with in-video links is provided below the video as well as a sampling of questions and answers from the webinar.
This session’s topics included:
00:00 Introduction
Sample Client: Sarah Clark (purchasing a first home in 2031)
01:51 Scenario Setup
11:30 The Planning page - Contributions to RRSP and TFSA, home purchase transactions
20:24 Scenario 2: Saving to the FHSA instead of the TFSA
- Taxable Income Details table
- Income Tax Details table
- Comparing scenarios
Sample Client: Stacy and Greg Roy (retiring in 2 years)
30:07 Scenario Setup
34:12 The Planning page - Retirement Savings and Withdrawals
- Automatic TFSA top-ups from non-registered assets
- Balances section
- Estate Before Tax
- Estate Taxable Income
- Tax on Estate Details
- Personal Taxes - Income Tax Details
- Reviewing the Charts
47:51 Scenario 2: Using the Taxable Income Targeting feature
- Setting a taxable income target
- Comparing Scenarios
- Client Report
55:44 AI Import Assistant Feature
Please note that CE Credits can only be provided to live attendees.
Webinar Q&A:
In this webinar we received many great questions. Below are some of the most commonly asked ones, along with explanations and useful links.
1. When Does the Base Expense Start?
By default, when you enter a value under Scenario Setup ->Base Expenses, the amount begins at the client’s retirement age. This is because the base expense represents the client’s retirement spending goal, which is the after-tax annual amount they plan to live on once they stop working.
Before retirement, we assume the client already knows how much they want to save annually. Once you enter those savings contributions on the Planning Pages, Snap assumes any remaining surplus cash is spent, and that amount appears in the Base Expense column in italic font.
If you would like to enter a target Base Expense to start in pre-retirement, you can adjust this on the Planning Pages by changing the CFM Start Age under the CFM column.
Please refer to this article for the step-by-step process: How to change between manual and automatic CFM
2. How Do I Set Up Monthly Contributions (PACs) for TFSA and RRSP?
In Snap, contributions are entered on the individual Planning Pages ->Financial Assets section as annual amounts. If your client is making monthly contributions, calculate the total annual amount and enter that value in the Contributions column.
Please refer to these articles: Editing Contributions and Withdrawals, How to Maximize TFSA Contributions Using Overrides
3. How Do We Use the Home Buyers’ Plan for a First-Time Home Purchase?
If a client is withdrawing funds from their RRSP under the Home Buyers’ Plan (HBP) for first time home purchase, this can be modelled in Snap.
Please refer to this article for the step-by-step process: Using the Home Buyers' Plan (HBP)
We are also hosting a Q&A session and will include this topic. You can register or watch the recording after the fact here.
4. How Do We Show Minimum or Maximum LIF Withdrawals?
To model minimum or maximum LIF withdrawals, you can use overrides on the Planning Pages. This allows you to control the withdrawal amount as needed.
Please refer to this article for the step-by-step process: How to Minimize or Maximize LIF withdrawals
5. Does the Taxable Income Targeting Feature Change the Base Expense?
No. The Taxable Income Targeting feature does not change the client’s Base Expense. It will only attempt to change the taxable income on the planning pages.
Here are a few important points:
- It does not change the base expense.
- It focuses only on managing the taxable income in the plan.
Please refer to this article for more details: Taxable Income Targeting
Don’t see your question here? If you submitted it anonymously during the webinar, we may not have been able to follow up. We’re happy to help. Please reach out to our Support Team at 887-587-9977 ext. 1 or email [email protected]