Tax Deductibility

Can I Use the Fee Paid to Reduce My Tax Bill?

Yes. While brokerage fees/commissions associated with the purchase or sale of a security have tax implications only in the year an investment is sold, fees linked with fee-based accounts are generally deductible each year.

Please note: This applies to non-registered investment accounts only and not to registered accounts such a RSPs, RIFs, RESPs, RDSPs and TFSAs.