Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

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?

 
1 Best answer

Accepted Solutions

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

2 Replies

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.

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!