Where do I deduct management fees on my mutual fund portfolio?

[TurboTaxKim · Accepted solution]

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