Hello. I'm new to Quicken and I'm not sure the best account type to use for RSP GIC. Thanks.

Redlin5000

I'm using Quicken for Mac and these are Canadian accounts.

NotACPA

I'm confused.  You say you're using Q Canada, and you're asking about a Cdn retirement account ... but your examples are all US account types..

Since QMac supports both the US and Cda, I'd think that there would be somewhere where you could tell the program (in Preferences???) that you need the Cdn features.

Valderi

RSP = Retirement Savings Plan
GIC = Guaranteed Investment Certificates

Redlin5000

I was asking what accounts in Quicken I would use for these investments.

NotACPA

Looks to me like it would be an investment (the GIC, which is essentially a CD) held in an Investment account with the appropriate tax attributes set, to make the account non-taxable.

Redlin5000

When I look under the Accounts/New/Investments, my choices are:509, brokerage, other, trust,cusodial,401k,403,IRA,keogh,SEP IRA,SIMPLE IRA.
I was asking which one of these accounts would be the best choice to use for a RSP GIC account. Thank.

NotACPA

I'm confused.  You say you're using Q Canada, and you're asking about a Cdn retirement account ... but your examples are all US account types..

Since QMac supports both the US and Cda, I'd think that there would be somewhere where you could tell the program (in Preferences???) that you need the Cdn features.

Redlin5000

OK. Thanks I will take a look and see.

Redlin5000

Hi. I just checked it out under preferences, changed it to Canada and that fixed it. Thanks a lot!