Yes it does! We designed the tracker to help you understand your remaining contribution room including your current scheduled contributions across your IRA's up until the end of the calendar year. Here's an example with an IRA.
Let's say you have contributed $1,000 dollars to a Traditional IRA. You then decide to set up a $300 monthly deposit. Assuming a contribution room of $5,500 our tracking feature will show you have $400 of room remaining.
The calculation works like this: $5,500 - $1,000 - ($300 x 12 months) = $400 remaining.
Click this link to learn how to setup your Wealthsimple contribution tracker.