Thanks again for your reply. My accountant have already told me that this type of expense is no longer deductible. I somehow thought it does not make sense. The fund charges 2% each year, if after two years I realized 5% gain, I actually lose money, because 5% gain - 4% management fee = 1%. I actually gained 1% (less expense), yet, I have to pay tax on 5% gain, not 1% since the expense are not deductible. So after tax, I could end up lose money with such investment in this example.
