FAQ: What Changes on the Platform in the New Year and How Do You Update Your Plan? (Updated for 2026)
When the Platform Rolls Over in January:
New Tax Rates are Added for 2026
New Benefit Rates are Added for CPP/OAS/CCB/GIS
New Contribution Room Maximums for TFSA/RRSP
Planning > Projections will automatically rollover to start with 2026 as of January 1st (2025 will disappear) unless Scenario is locked
What to do BEFORE the End of the Year:
Rename 2025 plan(s): Example: 2025 Archived Plan
Lock current plan(s)
Make a copy of plan(s)
Rename copy for 2026: Example: 2026 - Max Spend
What to do EARLY in the New Year:
Update Income/Expenses
Update Assets/Debt Balances
Update Tax & Benefits Information
Update Life Insurance (if needed)
Optional: Review Goals and Values
Review Foundation
Rerun the Copied 2026 Plan
Revisit AI Strategies for New Opportunities: An increase or decrease in asset balances can impact the plan/strategies, changes in tax rates/brackets can impact the plan/strategies, changes in benefit rates can impact the plan/strategies
