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mj1964
New Member

Hi, I am wondering if I can claim transaction processing fees, such as Paypal or Stripe fees? If yes, where does this fall under the expenses to input the info?

 
3 Replies
Moussi2
Moderator

Hi, I am wondering if I can claim transaction processing fees, such as Paypal or Stripe fees? If yes, where does this fall under the expenses to input the info?

As per CRA, you can claim interest and bank charges, if you are a business on your T2125 line 8871. For further information, we recommend to contact directly CRA at 1-800-959-7383.

 

Thank you for choosing TurboTax.

Hi, I am wondering if I can claim transaction processing fees, such as Paypal or Stripe fees? If yes, where does this fall under the expenses to input the info?

I cannot find in the online turbotax self employed business expenses area anywhere to put this. There is no "Management and Administration fees" section in expenses. I was able to do this last year 2022.

Hi, I am wondering if I can claim transaction processing fees, such as Paypal or Stripe fees? If yes, where does this fall under the expenses to input the info?

"Management and Administration fees" is called "Banking Fees" in TurboTax Self-Employed Online 2023.