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    photocathy22
    New Member

    Can I claim operating and transaction charges paid out for management of my RRSPs?

     
    posted
    ‎October 30, 2019 11:27 PM
    last updated ‎October 30, 2019 11:27 PM
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    TurboTaxKim
    Level 15

    Can I claim operating and transaction charges paid out for management of my RRSPs?

    No, fees related to accounts that are tax-sheltered, like RRSPs, RRIFs, Pensions, or RESPs are never tax deductible. TFSA fees aren't deductible either, given TFSA income and growth is tax-free.

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    ‎October 30, 2019 11:27 PM
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    1 Reply
    TurboTaxKim
    Level 15

    Can I claim operating and transaction charges paid out for management of my RRSPs?

    No, fees related to accounts that are tax-sheltered, like RRSPs, RRIFs, Pensions, or RESPs are never tax deductible. TFSA fees aren't deductible either, given TFSA income and growth is tax-free.

    ‎October 30, 2019 11:27 PM
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