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New Member
posted Oct 31, 2019 2:52:52 AM

Where do I find my M.E.R. amounts?

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1 Best answer
Level 15
Oct 31, 2019 2:52:54 AM

You would have to contact your advisor and inquire where to locate these fees.

However, MER fees are not deductible for mutual funds.

Investors in mutual funds do not pay fees directly; they pay a management expense ratio (or MER) that’s built in so 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.

Here's a very informative article explaining which fees are deductible, and which are not. 

https://www.moneysense.ca/save/taxes/investment-advice-fees-tax-deductible/

1 Replies
Level 15
Oct 31, 2019 2:52:54 AM

You would have to contact your advisor and inquire where to locate these fees.

However, MER fees are not deductible for mutual funds.

Investors in mutual funds do not pay fees directly; they pay a management expense ratio (or MER) that’s built in so 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.

Here's a very informative article explaining which fees are deductible, and which are not. 

https://www.moneysense.ca/save/taxes/investment-advice-fees-tax-deductible/