THz silicon based electronics is undergoing rapid developments. In order to keep this momentum high, an accurate and optimized on-wafer characterization procedure needs to be developed. While evaluating passive elements, the measured sparameter data can be verified by a direct use of EM simulation tools. However, this verification requires to precisely introduce part of the measurement environment such as the probes, the pads and access lines to accurately predict the impact of calibration and layout for on-wafer measurements. Unfortunately, this procedure is limited to passive elements. Hence, in this work, we propose a new procedure to emulate the measurement of active devices using an electromagnetic-SPICE co-simulation. By this method, one can clearly highlight that a measurement artefact that was observed for the transistor measurement can be reproduced. One of the most representative example of measurement artefact involves the measurement and estimation of fMAX which is not constant over all frequency band. Also the measurement is difficult to perform above 40 GHz. This typical problem is now undoubtedly attributed to the probe-to-substrate coupling and probe-to-probe coupling which are strongly dependent on the probe geometry. Finally, this co-simulation procedure evidently underlines the need for an optimized de-embedding procedure above 200 GHz.