Q&A Part 3/4 Master Quicken Software

First of all, let me provide the CRA link to learning about capital gains and losses. It is absolutely essential to understand how gains and losses work if you are going to account for investments using Quicken.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/127/menu-eng.html?=slnk

Q: What ProAdvisor Newsletter/
A: Watch for the next newsletter in early February

Q: What about losses in securities or mutual funds?
A: Refer to above link for details and yes, absolutely if those losses are not in registered accounts, they would qualify

Q: I do not understand the exchange traded fund
A: Exchange traded funds provide income that is reported to the taxpayer, but there's no increase in money or units. Instead of an increase in Units or Money, there's an increase in ACB

Q: How would you account for a CCPC dividend as segregated from a large cap dividend?
A: You'd set up a separate _Income from CCPC dividend Category

Q: Next week can you describe how to handle Insurance Seg Funds with insurance and capital gains mix?
A: Seg Funds are a whole different kettle of fish as we don't account for Seg Funds, those are accounted for by the Insurance Company and the income reported has no bearing on the investment balance. I'll attempt an explanation of how Seg Funds work and how to account for them next week. I won't get into what happens when someone dies though as that is totally weird and the Insurance companies I've worked with have refused to explain how it works.
 Sometimes you can get an income amount allocated from a Seg Fund long after you thought everything was settled, so be very careful about closing off an estate early if there are Seg Funds.

BTW, Seg Funds don't always have Seg Funds in the naming - and I consider this very confusing. But, when you get an income slip, you'll find that it comes from an Insurance Company, not an investment broker.