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Are RESP management fees deductible (line 221)?

 
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Moderator

Are RESP management fees deductible (line 221)?

No, fees related to accounts that are tax-sheltered, like RRSPs, RRIFs, Pensions, or RESPs are never tax deductible. TFSA fees aren't deductible either, given TFSA income and growth is tax-free.

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1 Reply
Moderator

Are RESP management fees deductible (line 221)?

No, fees related to accounts that are tax-sheltered, like RRSPs, RRIFs, Pensions, or RESPs are never tax deductible. TFSA fees aren't deductible either, given TFSA income and growth is tax-free.

View solution in original post