Tax Optimization

Optiml calculates federal and provincial tax for each spouse, for every year of your plan, using the brackets, credits and rules where you live. Because the tax is worked out year by year rather than estimated with one average rate, Optiml can see what each withdrawal, benefit start age and pension split does to your bill, then optimize toward the goal you choose.

Federal and provincial brackets rise with inflation where the law says they do. British Columbia's brackets and credit amounts are held at 2026 levels from 2027 to 2030, and your plan follows that.

The basic personal amount, CPP and EI credits, the age amount, the pension income credit, charitable donations, medical expenses and the disability amount are calculated for you.

Add any other credit, refundable or not, federal or provincial, for the years it applies. Add deductions such as union dues, professional fees and child care. Each can be indexed to inflation or kept fixed.

Ontario's surtax and Health Premium, Quebec's abatement on federal tax, drug insurance plan premium and deduction for workers, and each province's own brackets and credit amounts.

Eligible pension income is split between spouses where the rules allow it, as part of your plan.

Your plan measures the OAS recovery tax each year, and the OAS Clawback Reducer strategy shapes withdrawals to keep income under the threshold.

Interest that is tax deductible, such as on an investment loan, comes off your taxable income in the year it is paid.