Make Tickers status: Taxable or Tax-Free Based on Investment Account Type

kh57smth

Currently, Quicken Canada only allows you to declare a ticker tax-free when you first set it up.  However, many people hold the same asset, TICKER, in taxable and tax-free accounts; TFSA TFHA, RRSP RDSP RESP, LIRA, RRIF, and LIF.  It would be better if Quicken kept track of the ticker's tax-free status based on account type.  This would provide more accurate reports for the user.  

splasher

Whether a ticker is tax free is the nature of the stock/bond, not which type of account it is in.  Tax free municipal bonds are such an example, they are tax free regardless of the type of account they are in.

The concept of the account being tax free is dealt with by Quicken for any/all tickers in such an account when interest or dividends are paid.

Chris_QPW

Don't you see something like this in the Account Details?

kh57smth

Dear Chris,

Yes, I do but that does not impact the allocation of dividends and interest to taxable or non taxable in the Quicken reports.

Ken

kh57smth

Dear Splasher,

Thank you for your comments, they are not applicable to the Canadian tax system.

Cheers,

Ken

Chris_QPW

What that setting does in the tax reports is determine which accounts are going to be selected by default. If they are marked tax deferred they won't be selected by default. You can customize a report to include a tax deferred account, and it will show it as if it is taxable, but that defeats the propose of the setting. This setting also affects the treatment of the account in the Lifetime planner (retirement planner), but as I understand it the Canadian version doesn't have this feature.