CRA considers that investment counselling fees for segregated fund purchases/redemptions are not deductible

CRA considers that investors in segregated funds cannot deduct related investment counselling or management fees under s. 20(1)(bb): "a segregated fund policy is a contract of insurance and … is not a … security."

Neal Armstrong. Summary of 2014 CALU Roundtable, Q. 5, 2014-0523321C6 under s. 20(1)(bb).