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    FredFlint
    Level 1

    I bought a bond within my TFSA. Can the accrued interest I paid be claimed as a carrying charge? Can an annual RRSP account fee be claimed as a carrying charge?

     
    posted
    ‎October 31, 2019 4:29 AM
    last updated ‎October 31, 2019 4:29 AM
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    TurboTaxKim
    Level 15

    I bought a bond within my TFSA. Can the accrued interest I paid be claimed as a carrying charge? Can an annual RRSP account fee be claimed as a carrying charge?

    No, you are not able to claim any expenses or deductions for Carrying Charges for investments held with registered accounts. Registered accounts include RRIFs, RRSPs, TFSAs, etc.

    View solution in original post

    ‎October 31, 2019 4:29 AM
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    TurboTaxKim
    Level 15

    I bought a bond within my TFSA. Can the accrued interest I paid be claimed as a carrying charge? Can an annual RRSP account fee be claimed as a carrying charge?

    No, you are not able to claim any expenses or deductions for Carrying Charges for investments held with registered accounts. Registered accounts include RRIFs, RRSPs, TFSAs, etc.

    ‎October 31, 2019 4:29 AM
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    FredFlint
    Level 1

    I bought a bond within my TFSA. Can the accrued interest I paid be claimed as a carrying charge? Can an annual RRSP account fee be claimed as a carrying charge?

    Thanks for the fast answer TurboTaxKim!
    ‎October 31, 2019 4:29 AM
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