My wife has stock purchase plan, whereas a certain percentage of her income is contributed on her behalf, plus a certain percentage contributed by the employer. For GSRP there are fields for this. I don't see it for this - is it somewhere that I don't see or is there another way? Thank you.
For share purchase plans that are not part of GRSP plans you can simulate that by:
1. You should have already added an INCOME, for the employee's Salary, but not including the shares from the employer.
2. Add another INCOME, with the employee as owner, for the value of the shares from the employer. If those shares count as earned income, the INCOME entry can be type Salary otherwise enter it as type Other, taxable.
3. Have an ACCOUNT with an added INVESTMENT in the company. Set the ACCOUNT’s target allocation to 100% Equities.
4. Set an AUTOMATIC Deposit to that account with the employee as the contributor, for the total value of the shares that will be purchased.
In the TIME MACHINE, the employee will receive the INCOMEs and be taxed on them.
The AUTOMATIC deposit will then be made to the share account and the shares bought.