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FredFlint
New Member

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?

 
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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.

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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.

FredFlint
New Member

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!