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New Member
posted Oct 31, 2019 3:49:20 AM

TD Bank provided me with a fee summary attached to the T5008; where do I enter the Management Fees?

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1 Best answer
Level 15
Oct 31, 2019 3:49:22 AM

If these are Investment Management Fees on Non-registered accounts, paid directly by you:  go to the Income Tab > Investment Expenses. Check "Investment management and advice (includes carrying charges)" and enter on the next screen - Carrying charges.

You cannot claim these fees if they are  part of the Management Expense Ratio (MER) and not paid directly by you. Rather, these fees are deducted from the income reported on the annual tax slip if you receive one in relation to your mutual funds.

More information on carrying charges and interest expenses from CRA can be found here: https://bit.ly/2NjrEpY

1 Replies
Level 15
Oct 31, 2019 3:49:22 AM

If these are Investment Management Fees on Non-registered accounts, paid directly by you:  go to the Income Tab > Investment Expenses. Check "Investment management and advice (includes carrying charges)" and enter on the next screen - Carrying charges.

You cannot claim these fees if they are  part of the Management Expense Ratio (MER) and not paid directly by you. Rather, these fees are deducted from the income reported on the annual tax slip if you receive one in relation to your mutual funds.

More information on carrying charges and interest expenses from CRA can be found here: https://bit.ly/2NjrEpY