FAQ: How Can I Force the Platform to not Take GIS or OAS Benefits

How to Override GIS and OAS in Adviice

You can use the override tool to manually enter a zero value for OAS and GIS benefits across all future years.

Steps:

  1. Go to the Projection Table
    • Open the projection table from the Plan screen.
  2. Scroll to the GIS or OAS Columns
    • Locate the specific columns for government benefits.
  3. Apply a Manual Override
    • Enter a value of 0 in the first year you want to start the override.
    • Use the cascade feature to apply that same value through to the end of the plan (e.g., to age 110).
  4. Repeat for Each Person
    • Apply the same override to each household member receiving benefits.
  5. Recalculate the Plan
    • Review the updated results to see the impact of removing these benefits.

Other Override Options

The override tool allows you to change any assumption in the plan, including:

  • Government benefits (OAS, GIS, CPP)
  • Income (employment, pension, etc.)
  • Expenses
  • Withdrawals
  • Rate of return

This gives you full control to test any scenario, including more conservative or severe assumptions.

Things to Keep in Mind

  • Stress Testing: Removing GIS or OAS can help identify how dependent the plan is on these benefits.
  • Extreme Cases: Setting benefits to zero is a conservative approach and may result in significantly lower success rates.
  • Plan Flexibility: Overrides are best used for testing edge cases rather than as a default approach for regular planning.