How to categorize RRIF transfers to a savings account
I am using Quicken 2019 Canadian version. Most Canadians who use Quicken will be familiar with how RRIF payments get deposited into a cash or chequing account. The challenge is that the funds transferred must be categorized as income. Can someone explain how to account for transfers from a RRIF account to a savings account while categorizing the transfer to "RRIF Income". I realize that I can categorize the transaction if I download the deposit from my savings account, but that doesn't reduce the cash balance in my RRIF account. I am hopeful that someone may have found a process that works. I spoke to Quicken support but they don't understand how RRIF's work and thus it was a frustrating conversation that I gave up on.
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