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New Member
posted Mar 3, 2024 10:06:08 AM

Are admin/management fees from my financial institution (RBC, Wealthsimple) "investment expenses"?

0 5 1830
5 Replies
Moderator
Mar 3, 2024 10:50:41 AM

Yes, they are.

New Member
Apr 22, 2024 10:18:03 AM

Agreed, but where do I put them?  I keep getting an Error message about this when i go to file my return.

Thanks for any help in advance.

Moderator
Apr 22, 2024 2:49:51 PM

Are you using TurboTax CD/Download or TurboTax Online?

New Member
Apr 10, 2025 9:48:56 AM

I am having the same problem with Turbotax downloaded version for 2024

Moderator
Apr 13, 2025 1:31:38 PM

@stevezu f you are looking to report Carrying Charges,

> Click on "Investment Expenses", and you can report them here.

 

If you are looking to report Outlays & Expenses for a security transaction,

> Click on "Investments", then "Capital Gains and Capital Gains Deduction Profile"

> Then check which options you are eligible for.

Make sure to click "Continue" and "Done" once complete to make sure all information is saved.

 

For more information, check out: Canada Revenue Agency - Tax Treatment of Mutual Funds

 

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