Fidelity Clearing Canada charges me a monthly Custody fee for my stocking holdings? Can I claim this Custody fee, including the related GST? Where?

Yes, you can claim expenses you incurred for the purpose of earning investment income. 

You would be able to report custody fees under carrying charges and interest expenses on your tax return.

In order to add custody charges please follow these steps:

1. Sign in to your tax return
2. On the left-hand side of your return click the Income tab
3. Next click the Investment Expenses tab
4. On the Investment Expenses page check off the box that says Investment management and advice (includes carrying charges)
5. Click Continue
6. Enter custody fees besides Management or safe custody fees
7. When you are done click Continue to save your information

For more information please refer to the following TurboTax article:

• Claiming Carrying Charges and Interest Expenses

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