Q:
If Marvin has already claimed the medical expenses for critical illness from the insurance company, can he still claim tax relief for such medical expenses in his personal income tax?
A:
If he has claimed insurance compensation from the insurance company, he cannot claim the tax relief anymore because he did not pay the expenses on his own.
Q:
Are the legal expenses incurred in suing a staff for stealing company’s customer data tax deductible?
A:
These expenses are not in the production of gross income, hence they are not tax deductible.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru
P.S. I've received a lot of tax questions, so now I am answering the frequently asked questions and sharing them with you weekly!
P.P.S. Do you want more tax saving tips? Because this is just the tip of the iceberg. View my course here: bit.ly/youaskzenlah