[moneydance] Registered Retirement Savings Accounts
cashmeredoe-moneydance@yahoo.ca
cashmeredoe-moneydance at yahoo.ca
Mon Nov 3 10:54:57 EST 2008
Greetings from Canada:
Interest/Dividends in registered accounts are not taxable. I am therefore recording them as Tax-Exempt so as to identify them as non current income.
Monthly a set amount (percentage of total value as of beginning of year) is transferred by the banking institution to a standard account. The full amount of this is considered taxable income. How can this be recorded in MD to show a reduction in the value of the Registered Account and also record this as pension income in the banking account?
On the front page "Income Graph" dividends or interest do not appear they only show up in Income/expense reports. For budgeting and recording purposes it is essential that all current taxable income be recorded.
Has anyone achieved a workable solution as I've spent hours trying to come up with an answer?
Gordon
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