topic Where do I find my M.E.R. amounts? in Self-employed https://turbotax.community.intuit.ca/community/self-employed/discussion/where-do-i-find-my-m-e-r-amounts/01/942756#M6870 Thu, 31 Oct 2019 09:52:52 GMT yakhin123 2019-10-31T09:52:52Z Where do I find my M.E.R. amounts? https://turbotax.community.intuit.ca/community/self-employed/discussion/where-do-i-find-my-m-e-r-amounts/01/942756#M6870 Thu, 31 Oct 2019 09:52:52 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/where-do-i-find-my-m-e-r-amounts/01/942756#M6870 yakhin123 2019-10-31T09:52:52Z You would have to contact your advisor and inquire where... https://turbotax.community.intuit.ca/community/self-employed/discussion/you-would-have-to-contact-your-advisor-and-inquire-where/01/942757#M6871 <P>You would have to contact your advisor and inquire where to locate these fees.</P><P>However, MER fees are not deductible for mutual funds.</P><P><I>Investors in mutual funds do not pay fees directly; they pay a management expense ratio (or MER)&nbsp;</I><I>that’s</I>&nbsp;<I>built in&nbsp;</I><I>so</I>&nbsp;<I>the fee is implicit. MERs are not disclosed separately on income tax slips or returns as mutual funds deduct the fees and report distributions net of fees.</I></P><P>Here's a very informative article explaining which fees are deductible, and which are not.&nbsp;</P><P> <A rel="nofollow" href="https://www.moneysense.ca/save/taxes/investment-advice-fees-tax-deductible/" target="_blank">https://www.moneysense.ca/save/taxes/investment-advice-fees-tax-deductible/</A> <BR /> </P> Thu, 31 Oct 2019 09:52:54 GMT https://turbotax.community.intuit.ca/community/self-employed/discussion/you-would-have-to-contact-your-advisor-and-inquire-where/01/942757#M6871 TurboTaxKim 2019-10-31T09:52:54Z
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topic Where do I find my M.E.R. amounts? in Self-employed
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https://turbotax.community.intuit.ca/community/self-employed/discussion/where-do-i-find-my-m-e-r-amounts/01/942756#M6870
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<title>Where do I find my M.E.R. amounts?</title>
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https://turbotax.community.intuit.ca/community/self-employed/discussion/where-do-i-find-my-m-e-r-amounts/01/942756#M6870
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You would have to contact your advisor and inquire where...
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https://turbotax.community.intuit.ca/community/self-employed/discussion/you-would-have-to-contact-your-advisor-and-inquire-where/01/942757#M6871
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<P>You would have to contact your advisor and inquire where to locate these fees.</P><P>However, MER fees are not deductible for mutual funds.</P><P><I>Investors in mutual funds do not pay fees directly; they pay a management expense ratio (or MER)&nbsp;</I><I>that’s</I>&nbsp;<I>built in&nbsp;</I><I>so</I>&nbsp;<I>the fee is implicit. MERs are not disclosed separately on income tax slips or returns as mutual funds deduct the fees and report distributions net of fees.</I></P><P>Here's a very informative article explaining which fees are deductible, and which are not.&nbsp;</P><P> <A rel="nofollow" href="https://www.moneysense.ca/save/taxes/investment-advice-fees-tax-deductible/" target="_blank">https://www.moneysense.ca/save/taxes/investment-advice-fees-tax-deductible/</A> <BR /> </P>
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