How Truvane works out your numbers

In short

Truvane works out your figures from the rules that tax authorities and pension plans publish, for where you live, using this year's (2026) amounts. They're estimates to help you plan, not your exact tax bill or financial advice.

Pay and taxes

• Canada: federal tax and each province's and territory's own, with the credits most households get, and CPP or QPP, EI and QPIP, from the Canada Revenue Agency's and the provinces' 2026 figures, Quebec's included.
• United States: federal tax, the Child Tax Credit and Earned Income Tax Credit (IRS Rev. Proc. 2025-32), Social Security and Medicare, each state's income tax and credits, and city or county taxes where you choose them.
• In the US, by the filing status you choose (single, head of household, married filing jointly or separately, or qualifying surviving spouse), with partners who aren't married each on their own return. Self-employed pay is taxed as a business's.

Retirement

• Your plan is tested on 400 possible markets, good years and bad. The "chance your money lasts" is the share of them where your savings last as long as you might.
• Growth follows FP Canada's 2026 projection guidelines, less about 1% a year in fees: a balanced mix (60% stocks) grows about 4.1% a year, with inflation at 2.1%. You can choose your own.
• It plans to age 96 for one person and 98 for a couple, ages there's about a 1 in 4 chance of outliving.
• Government pensions follow their own rules: CPP, QPP, OAS and the Guaranteed Income Supplement, or Social Security, each with its start-age factors. So do RRIF minimums and required minimum distributions, and the tax on them.
• Everything is in today's dollars, so the figures mean what they would buy now.

Debts, goals and homes

• Debts are paid off month by month, with each one's interest, in the order you choose.
• Canadian fixed-rate mortgages compound twice a year, as they're quoted; American ones monthly. Renewals, adjustable rates, mortgage insurance and the stress test follow each country's rules.
• Goals grow at a savings account's rate, or your investments', unless you give your own.

What it doesn't count

A few things are left out, so your own figures can differ:

• Itemized deductions and the alternative minimum tax in the US, and many smaller credits in both countries.
• Credits that depend on a child's exact age, such as California's Young Child Tax Credit, and city credits.
• Benefits paid by income, such as the Canada Child Benefit.

Where something is estimated, the page you're on says so.

How it's checked

• Over 2,700 automated tests run before every update, each tax rule against the official figures.
• In October 2026, independent reviews built their own models from IRS, CRA, Retraite Québec and state sources and compared thousands of households with Truvane's results. Every difference was traced and fixed or explained.
• Rules that must always hold are tested on hundreds of random households across the states and provinces: a raise never lowers your take-home pay, a couple's tax doesn't depend on which of them earns what, and slower markets never improve your outlook.
• Figures are updated each January, when the new year's amounts are published, and when laws change during the year.

Your own situation

Truvane can't know everything about your finances. For exact tax figures, ask a CPA or other tax professional. For advice on your own plan, you can book a free call with Victoria Omojeso, a licensed financial advisor.