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1. www.canada.ca › en › revenue-agencyLine 22100 – Carrying charges, interest expenses, and other ...

   www.canada.ca › en › revenue-agency

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   Completing your tax return. Claim on line 22100 of your return your total carrying charges, interest expenses and other expenses. If you have carrying charges for Canadian and foreign investment income, complete the chart for line 22100 using your Federal Worksheet. Keep all your documents in case the CRA asks to see them later.

2. www.moneysense.ca › save › taxesTax-deductible investment advice fees: What you can't and ...

   www.moneysense.ca › save › taxes

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   May 29, 2018 · Management expense ratios (MERs) for mutual funds or exchange-traded funds (ETFs) are also not deductible on line 221 either. ... (ETFs) are also not deductible on line 221 either. The investment ...

3. invested.mdm.ca › claim-your-investment-fees-onClaiming Investment Fees on Your Tax Return: What’s ... - MDM

   invested.mdm.ca › claim-your-investment-fees-on

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   If you are an MD Private Investment Counsel client, you can find your management fees for the year in your 2021 tax reporting package. Simply go to “Statement of fees charged to your account” and look for “Fees incurred.”. Remember that management fees are only tax deductible when incurred in non-registered accounts.

4. objectivefinancialpartners.com › investment-feesInvestment Fees You Can And Can’t Claim On Your Tax Return

   objectivefinancialpartners.com › investment-fees

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   May 29, 2018 · Management expense ratios (MERs) for mutual funds or exchange-traded funds (ETFs) are also not deductible on line 221 either. The investment fees that you can claim for your non-registered accounts, Patti, are “fees to manage or take care of your investments” or “fees for certain investment advice”.

5. support.drtax.ca › rc › currLine 221 - Carrying charges and interest expenses - Dr Tax

   support.drtax.ca › rc › curr

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   Refund interest - If the CRA paid you interest on an income tax refund, report the interest in the year you receive it on line 121 of your return. If the CRA then reassessed your return and you repaid any of the refund interest in 2018, you can claim on line 221 of your return, the amount you repaid, up to the amount you had reported as income.

6. turbotax.community.intuit.ca › communitySolved: Where do I enter investment expenses. Specifically ...

   turbotax.community.intuit.ca › community

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   Oct 30, 2019 · Specifically carrying charges or interest expenses. On my tax return it was entered on line 221. To enter Carrying Charges, Investment Interest paid or Investment Management Fees (IMFs), in TurboTax Online or the EasyStep view of TurboTax Desktop:

7. People also ask

   Are management expense ratios deductible on Line 221?

   • Management expense ratios (MERs) for mutual funds or exchange-traded funds (ETFs) are also not deductible on line 221 either. The investment fees that you can claim for your non-registered accounts, Patti, are “fees to manage or take care of your investments” or “fees for certain investment advice”.

   Investment fees you can claim on your tax return - MoneySense

   www.moneysense.ca/save/taxes/investment-advice-fees-tax-deductible/

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   Are commissions on Line 221 tax deductible?

   • Commissions to buy or sell investments are not tax deductible on line 221. That said, they increase your adjusted cost base for capital gains tax purposes or decrease your net proceeds, so technically, it’s like they are 50% tax deductible – just not as a carrying charge like some other investment fees.

   Investment fees you can claim on your tax return - MoneySense

   www.moneysense.ca/save/taxes/investment-advice-fees-tax-deductible/

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   Are management fees tax deductible?

   • If you invest using this digital platform, the management fees are tax deductible in a non-registered account. You can find these fees in the “Account activity” section of your statements. The quarterly management and administration fee on your MD Plus account is tax deductible when incurred in a non-registered account.

   Claiming Investment Fees on Your Tax Return: What’s Deductible ... - M…

   invested.mdm.ca/claim-your-investment-fees-on-your-tax-return/

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   Are mutual fund management fees tax deductible?

   • Mutual fund management fees are tax deductible in non-registered accounts, but commissions or trading fees to buy stocks and other investments are not tax deductible. Note that mutual fund management fees are different from management expense ratios (MERs), which are not tax deductible. Are fees to complete my income tax return tax deductible?

   Claiming Investment Fees on Your Tax Return: What’s Deductible ... - M…

   invested.mdm.ca/claim-your-investment-fees-on-your-tax-return/

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   Are financial planning fees tax deductible?

   • Amounts paid for financial planning are generally not tax deductible. These include fees paid to an advice-only financial planner (i.e., one who doesn’t deal in specific investments). However, if you paid fees on a fee-based investment account that includes financial planning, the fees are generally tax deductible.

   Claiming Investment Fees on Your Tax Return: What’s Deductible ... - M…

   invested.mdm.ca/claim-your-investment-fees-on-your-tax-return/

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   Can I claim brokerage fees on Line 221?

   • You cannot claim on line 221 of your return any of the following amounts: brokerage fees or commissions you paid when you bought or sold securities. Instead, use these costs when you calculate your capital gain or capital loss.

   Line 221 - Carrying charges and interest expenses - Dr Tax

   support.drtax.ca/dtmax/eng/kb/dtmax/Keywords/rc/curr/t1/rc/hf_221.htm

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8. turbotax.intuit.ca › tips › claiming-carryingClaiming Carrying Charges and Interest Expenses | 2023 ...

   turbotax.intuit.ca › tips › claiming-carrying

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   Oct 6, 2022 · Carrying Charges and Interest Expenses You Cannot Claim. The Canada Revenue Agency has an extensive list of carrying charges and interest you paid to earn income from investments. These fees can be claimed on your tax return on Line 22100 – Carrying Charges and Interest Expenses. Eligible expenses may include legal fees for support payments ...