How are the default tax rates determined within NaviPlan Standard?
• The default tax rates used in NaviPlan Standard for federal and provincial/territorial tax rates are specific to each province and supported territory in Canada. • Rates are accurate for residents of each province and supported territory as of the 2003 tax year. Province-specific rates allow for greater accuracy in calculating cash flow and income taxes. Note: NaviPlan Standard does not support Nunavut and non-resident jurisdictions at this time. • If the correct tax rate that applies to the clients is known, it can be entered on the Assumptions category – Tax tab. • The default income amounts shown for each specific tax rate do not affect the incomes entered in the Incomes category.
