Tax tip
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Don't get carried away
February 10, 2004
Did you know…
If you have investments, you may be able to claim related carrying charges and interest expenses. Carrying charges include a variety of fees such as a safety deposit box rental fee or certain investment advice fees. You can claim interest expenses on money that you borrow to make certain investments, including payroll deductions for Canada Savings Bonds.
For more information, visit www.cra-arc.gc.ca/tax/individuals/menu-e.html and select "C" from the drop down menu for Carrying charges or "I" Interest expenses.
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- Date modified:
- 2006-08-08