Shared control plays a pivotal role in establishing effective human-robot interactions. Traditional control-sharing methods strive to complement a human's capabilities at safely completing a task, and thereby rely on users forming a mental model of the expected robot behaviour. However, these methods can often bewilder or frustrate users whenever their actions do not elicit the intended system response, forming a misalignment between the respective internal models of the robot and human. To resolve this model misalignment, we introduce Explainable Shared Control as a paradigm in which assistance and information feedback are jointly considered. Augmented reality is presented as an integral component of this paradigm, by visually unveiling the robot's inner workings to human operators. Explainable Shared Control is instantiated and tested for assistive navigation in a setup involving a robotic wheelchair and a Microsoft HoloLens with add-on eye tracking. Experimental results indicate that the introduced paradigm facilitates transparent assistance by improving recovery times from adverse events associated with model misalignment.