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wmmlan
New Member

why is line 22100 entry not accepted as a simple fee?

asking for other lines there is nothing else to report
1 Reply

why is line 22100 entry not accepted as a simple fee?

While it feels like a simple expense to you, the CRA defines Line 22100 as Carrying Charges and Interest Expenses. This line is specifically for costs incurred to earn investment income.

Line 22100 is for carrying charges and interest expenses incurred to earn income from investments, such as management fees for non-registered accounts or investment counsel fees. It is not a general expense line; it strictly requires fees to be linked to income-generating investments. 

Basically, "free" versions are usually limited to simple T4 employment income and standard credits. Anything involving investment management fees, safety deposit boxes (though these are mostly phased out), or interest on investment loans moves you into a higher product tier. Because it’s linked to "investments," TurboTax’s logic triggers an upgrade, as your return is now "complex."

 

Line 22100 – Carrying charges, interest expenses, and other expenses

 

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