I have had a locked in self directed rrsp since 2000-can i deduct fees and stock losses on my tax return?

since 2000 i have had about $8000 in a self directed locked in rrsp and over the years as a result of poor investments in the stock market it has fallen to about $1000. i have never made any claims for these capital losses nor have i ever claimed any fee paid to administer this account. is it now possible to carry forward these fees and losses(all or in part) to the current tax year(2006). if not can i at least file for adjustments during the years the fees/losses were incurred.

Fees paid for RRSP accounts are not tax deductible. Likewise, just as gains and income within an RRSP are tax sheltered, so are losses.

When you first contributed the money to the RSP (or pension plan that then transferred to the Locked In RSP account) you received a tax deduction for that value. Therefore, the money invested has not had taxes paid on it. Therefore, there can be no tax consideration on losses to it. That would be having your cake and eating it to, which is an unlikely approach with our government.

Not likely what you wanted to hear, but it is what it is.

Cheers!