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Carrying charges

Updated: Jan 24, 2018

Do you have investments?



You may be paying fees to your investment advisor to which there is a tax deduction. Your investments must be non-registered accounts to qualify.


The two most common types of carrying charges are:


1. fees paid to manage your investments

2. interest paid on money you borrow for investment purposes.

For number 2, you must be earning dividends and interest. You cannot deduct the interest on these loans if your investment only produces capital gains.


Come in and see us to determine if you qualify for this credit.
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