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whats the deal with Canadian Intuit ?

 

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Subject Author Date
whats the deal with Canadian Intuit ? Deke 06-02-2006
Posted by Deke on June 2, 2006, 7:28 pm
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Why are they separate and why do the RRSP accounts never get mentioned?

The more accurate question would be ..why the heck can a person not have US
and CDN securities in ONE RRSP account ? WHat caused a lack of forward
planning that one cannot have US and Canadian stocks under a single
portfolio.?



Posted by Fred Smith on June 3, 2006, 12:01 am
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I apologize if I'm interrupting a good rant, but the answers are:

Intuit produces several geographic versions of Quicken (US, Canadian,
Australian, etc.) to support differences in online banking, stock quotes,
multi-currency, account types, etc.

RRSP accounts are mentioned several times in Canadian Quicken.

You can have both US and Canadian stocks in a single RRSP. You just can't track
them in a single Quicken account. For its own reasons (which aren't too
difficult to understand), Intuit chose to support currencies at the account
level. My guess is that there is not enough demand for Intuit to do the work
required to support multiple currencies in an account.

If you check the archives, there have been several workarounds suggested. Not
that there's no foreign content restrictions, there's one more: split your
brokerage account into two: one for US stocks, one for Canadian.

--
Regards,
Fred


> Why are they separate and why do the RRSP accounts never get mentioned?
>
> The more accurate question would be ..why the heck can a person not have US
> and CDN securities in ONE RRSP account ? WHat caused a lack of forward
> planning that one cannot have US and Canadian stocks under a single
> portfolio.?
>



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