For Canadian tax purposes, is it possible to always deduct investment advice or counselling fees...

80.2K

Verified Solution

Question

Finance

For Canadian tax purposes, is it possible to always deduct investment advice or counselling fees if you are holding a full brokerage account and your advisor provides yearly advice?

Yes, under any circumstances

No, the only exception is if you have a swap account with them

No

Yes, unless you have an RRSP, RRIF or other similar tax exemption accounts

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students