FAQ: I Withdraw Monthly From My Non Registered Investments. How Do I Include this in Adviice?

If you withdraw money monthly from your non-registered investments, you do not enter this as income in the discovery phase. Instead, follow these steps:

1. Enter Your Investments

• Add your non-registered account in the Assets section with its current value and adjusted cost base (ACB).
• This allows Adviice to track capital gains and taxable income correctly.

2. Set Up Withdrawals in Projections

The platform will make automatic withdrawals from your accounts, but if you want to be specific about your non-registered withdrawals:

• Go to the Projections section and enter your monthly withdrawal amount.
• Example: If you withdraw $3,000 per month, enter $36,000 per year as a planned withdrawal.

3. Adviice Will Calculate Taxable Income

• The system automatically determines the portion of your withdrawal that is investment income (interest, dividends, capital gains) and calculates the tax accordingly.