Question: are management fees on tfsa tax deductible?
Answer: Fees related to accounts that are tax sheltered, like RRSPs, RRIFs, pensions, or RESPs are never tax deductible. TFSA fees aren't deductible either, given TFSA income and growth is tax-free. ... Management expense ratios (MERs) for mutual funds or exchange-traded funds (ETFs) are also not deductible on line 221 either.