In Canada, mutual fund fees on non-registered accounts are not tax deductible . Fees paid to an advisor to manage an non-registered investment account are tax deductible, however. The advisor fees in a mutual fund are imbedded in the fund. Ask whether you advisor can arrange to change to a class of funds that charges you the advisor trailer fee directly. This way you can deduct it.
If you have further questions, or if you feel that I could be of assistance, please do not hesitate to contact me.
Mutual funds are often used as part of a retirement plan. If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.
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If you have further questions, or if you feel that I could be of assistance, please do not hesitate to contact me.
Mutual funds are often used as part of a retirement plan. If you would like to work with a local Retirement Planner, you could start with a Google search. For example, if you search for: retirement planner Halifax or retirement planning Halifax, my name, along with several others, will come up. You can use the same method to find Retirement Planners in your community.