Re: How to deal with RRSP's (Canada)

2018-01-02 Thread lejohnston
; > > > You don’t get a true calculation of Net Worth - but you can take the result > of Net Worth as calculated in each of the two files and sum them (by hand if > need be). > > > > > > > > > On Jan 2, 2018, at 8:49 PM, lejohnston wro

Re: How to deal with RRSP's (Canada)

2018-01-02 Thread lejohnston
Hi, Last year I treated the RRSP as an asset and contributions as transfers from a Savings Account to the RRSP account. I think this is in line with what Dave is saying. Although as you say contributions are tax deductible, earnings are tax-deferred; withdrawals are taxable I am not especially

How to deal with RRSP's (Canada)

2018-01-01 Thread lejohnston
Hi, I am starting my second year in GNUCash. I think I may have set up my RRSP's (I think in the US they are 401K's) incorrrectly. I have them as Asset accounts under Current Assets. At first it seemed ok but now as I am getting closer to starting to withdraw funds rather than deposit them I am