Are investment management fees tax deductible?
We can’t provide advice but try to provide general information to help you take the next step. Generally, if income is not taxable—in a RRIF or RRSP tax is deferred until withdrawn—you can’t deduct fees (which usually are paid by the fund itself and not directly by the investor) associated with investments held within registered accounts. It may be possible to deduct certain investment management fees in specific circumstances for investments held within non-registered accounts. Speak with a tax professional for advice to fit your personal situation.