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Transfer fees

4K views 9 replies 7 participants last post by  dave2012 
#1 ·
I transfered my investments from one bank to another ( That is a story on its own, but glad I did ) Anyway the bank I transfered my investment out from, charged me a transfer fee plus HST. Can I claim this in my taxes?
 
#6 ·
You cannot claim transfer fees in your taxes.

The next time you want to do a transfer, first ask the receiving institution for a refund of your transfer fees. Note down the name of the agent you spoke to. Then send in the paperwork. After the transfer is done, follow up and get the transfer fee refunded.

I've done multiple account transfers and I have always been able to get the transfer fees refunded from the receiving institution.
 
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