FAQ: How do I Include Private Canadian Shares in My Plan?

If you own private Canadian shares, such as through an Employee Share Purchase Plan (ESPP) or another privately held investment, follow these steps to include them in Adviice:

1. Add Private Shares Under Assets

• Use the Employee Share Purchase Plan (ESPP) account type to keep private shares separate from publicly traded investments.
• Enter the current value and adjusted cost base (ACB) of the shares.

2. Account for Dividend Income

• Private shares often generate non-eligible dividends, which are taxed at a higher rate than eligible dividends.
• In the Projections section, enter expected annual dividend payments.
• If the dividends are eligible, enter them in the corresponding column to apply the correct tax treatment.

3. Plan for Share Disposition

• If shares are liquidated at retirement, you can schedule a full divestment in the Projections section.
• If dividends continue post-retirement, ensure they are accounted for in your cash flow planning.

By entering private shares in Assets and dividends in Projections, Adviice will accurately track their impact on your financial plan.