Goals: Support Future-Dated Debt Repayment Start Dates

Many financial obligations exist before repayments actually begin, but Waypoint currently treats debt goals as either “active” or “not tracked.”

Examples include:

• Home Buyers’ Plan (HBP) repayment grace periods

• Student loans during grace periods

• Deferred loan repayments

• Mortgage payment deferrals

• Other obligations with scheduled future repayment dates

For example, HBP withdrawals made between 2022 and 2028 benefit from a five-year repayment grace period. The debt exists today and should be visible within a financial plan, but repayments are not yet required.

Currently, users must either:

• Add the debt as a goal and see no progress or inaccurate projections, or

• Exclude it entirely and lose visibility of the future obligation.

A potential solution would be adding a “Repayments Start Date” field for debt payoff goals. Until that date:

• The balance remains visible.

• The debt contributes to a complete financial picture.

• Progress calculations and payoff projections begin only when repayment starts.

This could also improve mortgage tracking, particularly when future payment changes occur after renewal or refinancing.

The benefit extends beyond HBP users and would support anyone managing debts or obligations that exist today but become active at a future date.