Management fee discount - Tax treatment
With your investment portfolio management firm, you have
management fee discounts on some accounts.
Your advisor has probably sent you a document regarding the tax
treatment of these management fee rebates.
There are two (2) options, the first is to pay tax on management
fee rebates and the second to defer the payment of tax on your
management fee rebates.
For the second option, we suggest
you contact your investment advisor, who will advise you better on
this second option.
However, if you wish to choose the first option, to pay the tax
on this management fee discount, please follow the procedure
below.
1. On the "Left-side menu on the Interview
tab", select the heading "Other
income ".
2. On the page appearing on the right, click on
the plus sign "+"
icon located on the right of the line "Other taxable income
(Federal line 13000)".
3. On the page, which is generated go to the line
"Description and amount of other income not included in the
CNIL". On the field to your right, indicate that it is
"A refund of fees" and enter the amount of
the rebate you were granted on the next field.
This amount will be reported by the program on line
13000 of the Federal return and, for Quebec
residents, on line 154 of the Quebec return and code 15 will be
entered on line 153.
ID: 20191113101349NA.xml
Webpage: KPA310-20191113101349NA.htm
