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Question

Are admin/management fees from my financial institution (RBC, Wealthsimple) "investment expenses"?

Forum|Forum|2 years ago
March 3, 2024
2 replies
0 views

No text available

Yes, they are.

Agreed, but where do I put them? I keep getting an Error message about this when i go to file my return.

Thanks for any help in advance.

Are you using TurboTax CD/Download or TurboTax Online?

@stevezu f you are looking to report Carrying Charges,

> Click on "Investment Expenses", and you can report them here.

If you are looking to report Outlays & Expenses for a security transaction,

> Click on "Investments", then "Capital Gains and Capital Gains Deduction Profile"

> Then check which options you are eligible for.

Make sure to click "Continue" and "Done" once complete to make sure all information is saved.

For more information, check out: Canada Revenue Agency - Tax Treatment of Mutual Funds

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