Skip to main content
March 1, 2024
Question

Hi, I am wondering if I can claim transaction processing fees, such as Paypal or Stripe fees? If yes, where does this fall under the expenses to input the info?

  • March 1, 2024
  • 1 reply
  • 0 views
No text available

    1 reply

    March 1, 2024

    As per CRA, you can claim interest and bank charges, if you are a business on your T2125 line 8871. For further information, we recommend to contact directly CRA at 1-800-959-7383.

     

    Thank you for choosing TurboTax.

    March 27, 2024

    I cannot find in the online turbotax self employed business expenses area anywhere to put this. There is no "Management and Administration fees" section in expenses. I was able to do this last year 2022.

    TurboTaxSusan
    March 27, 2024

    "Management and Administration fees" is called "Banking Fees" in TurboTax Self-Employed Online 2023.