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New Member
posted Oct 30, 2019 3:37:38 AM

I've converted my RRSP to a RIF and I'm now receiving income from it; can I deduct the management fees for this?

I have retired.  My money from my RRSP was transferred to a RIF and I'm receiving monthly  income from it as well as from my LIRF.  Can I deduct these management fees?

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1 Best answer
New Member
Oct 30, 2019 3:37:39 AM

Management costs of Registered Plans are not tax deductible as the amount is subtracted from the plan and therefore reduces future taxable income.

1 Replies
New Member
Oct 30, 2019 3:37:39 AM

Management costs of Registered Plans are not tax deductible as the amount is subtracted from the plan and therefore reduces future taxable income.