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Frequently asked questions

Is WealthPath financial advice?​

No. WealthPath is a planning and projection tool. It shows you what could happen based on the information you enter and the assumptions you choose. It does not provide personalized financial, tax, or investment advice, and it isn't a substitute for a qualified advisor. Always confirm important decisions with a professional.

Is WealthPath only for Canada?​

Yes. The benefits, taxes, and account types WealthPath models are Canadian — CPP, OAS, GIS, RRSPs, TFSAs, RESPs, RRIFs, and locked-in accounts (LIRA/LIF), plus federal and provincial income tax. It isn't designed for other countries' rules.

What does WealthPath actually model?​

  • Government benefits — CPP and OAS (with claim-age adjustments and the OAS clawback), and GIS where you qualify.
  • Registered accounts — RRSP, TFSA, RESP (with the CESG grant), and the conversion of RRSPs to RRIFs with minimum withdrawals; locked-in LIRA/LIF.
  • Taxes — Canadian federal and provincial income tax, applied automatically to your projection once you set your province.
  • Debts — mortgages and loans, reflected in your net worth and cash flow.

What's the difference between Projection, Scenarios, Monte Carlo, and Saved Results?​

  • Projection is your single, year-by-year forecast based on your current inputs.
  • Scenarios let you compare alternative versions of your plan side by side — e.g. retiring at 60 vs 65, or different withdrawal strategies.
  • Monte Carlo runs your plan against many random market sequences to show the range of outcomes, not just one average path.
  • Saved Results freeze a projection at a point in time so you can look back and compare against where your plan stands today.

Can I plan as a couple?​

Yes. You can add a partner in your Profile and WealthPath models both people's income, accounts, benefits, and taxes together.

How are CPP and OAS handled?​

They're entered as two separate income sources, each with its own start (claim) age — CPP from 60–70, OAS from 65–70. WealthPath applies the start-age adjustment, prorates OAS for years lived in Canada, and applies the OAS recovery tax (clawback). See the CPP & OAS guide.

How accurate are the projections?​

Projections are estimates. Their accuracy depends on the assumptions you enter — investment returns, inflation, salary growth, retirement age, and how long you expect to live. WealthPath keeps the underlying reference data (benefit amounts, contribution limits, tax brackets) current; see how we source our numbers. Because the future is uncertain, use Monte Carlo to see a range of outcomes rather than treating a single projection as a guarantee.

Where is my data stored?​

Your plan information is stored in your WealthPath account and used to produce your projections. For details on how your data is handled, see our Privacy Policy.