Solved: Line 221 I have included an amount paid to 3rd par...

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Line 221 I have included an amount paid to 3rd party for lookin after my RIF investments. This is not interest paid on my rif account it is for overseeing my rif account?

Can I claim this amount?

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New Member

Line 221 I have included an amount paid to 3rd party for lookin after my RIF investments. This is not interest paid on my rif account it is for overseeing my rif account?

You are not able to claim expenses for investments relating to your retirement. Including :

  • fees to manage or take care of your investments (other than any fees you paid for services in connection with your pooled registered pension plan, registered retirement income fund, registered retirement savings plan, specified pension plan, and tax-free savings account);

CRA link: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

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Highlighted
New Member

Line 221 I have included an amount paid to 3rd party for lookin after my RIF investments. This is not interest paid on my rif account it is for overseeing my rif account?

You are not able to claim expenses for investments relating to your retirement. Including :

  • fees to manage or take care of your investments (other than any fees you paid for services in connection with your pooled registered pension plan, registered retirement income fund, registered retirement savings plan, specified pension plan, and tax-free savings account);

CRA link: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

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