☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 10:51:30 PM

Are RESP management fees deductible (line 221)?

0 1 1197
1 Best answer
Level 15
Oct 30, 2019 10:51:31 PM

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.

1 Replies
Level 15
Oct 30, 2019 10:51:31 PM

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.