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Returning Member
posted Apr 28, 2024 2:46:03 PM

Line 22100 - Are my RRSP yearly registration fees deductible?

When I read the CRA document for Line 22100 - it states -

Claim the following carrying charges and interest that you paid to earn income from investments:

  • fees to manage or take care of your investments (other than fees you paid for services in connection with your pooled registered pension plan (PRPP), registered retirement income fund (RRIF), registered retirement savings plan (RRSP), specified pension plan (SPP) and tax-free savings account (TFSA))

I'm led to believe these yearly fees charged to me, separately from the commissions charged for buying or selling securities, are deductible. The fees I'm referring to are also in addition to the management fees charged by some of the funds in my RRSP and TFSA accounts.

 

Does anyone know if these are deductible?

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1 Replies
Moderator
Apr 28, 2024 3:17:18 PM

No, you can't claim investment expenses for registered accounts such as RRSP or TFSA.