Mutual Fund Conversion but with same name

Markhfx
Markhfx Member ✭✭✭
in All Things Canadian (Windows)

So Manulife decided back in November to convert my RPP and RRSP from a previous employer to a new customer number and account system… when they did this I did not lose any dollars as it was all done on one day Nov 14, however even though they moved it from on platform to another the mutual funds of the same name now have different unit values and quantities, when I called and asked why this was the case I was told it was because under the different platforms they had different inception dates and thus different values?? I am wondering how to enter this quicken to keep things tracked??? Any input welcome

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  • Arctic Hare
    Arctic Hare Quicken Windows Subscription SuperUser ✭✭✭✭

    @Markhfx because your inquiry is about RPP & RRSP, there is no requirement to track book cost for tax purposes. So, unless you have some hard requirement to track book cost - other than CRA requirements - then I suggest taking the simple approach, which is simply to "Sell ALL units" and then repurchase each fund at the new price & qty. This will affect Quicken's understanding of book cost and if you view the price history you may see a step change in price on the day this was done. But, it will track portfolio and fund value and performance fine.

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