Tax questions? You ask lah! #71

Published: Wed, 04/20/22

Tax questions? You ask lah!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!

Can internet subscription be considered as direct expense for rental income?

A:
If it is stated in the rental agreement that the landlord will provide the internet subscription to the tenant, then it can be considered as a direct expense and to be offset against the rental income.

If I buy medical insurance for my mother, can I claim tax relief on the insurance premium paid?

A:
No, buying medical insurance for parents is not eligible for personal tax relief.

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. One more thing. I have a FREE Tax Livestream that you won't want to miss out. Because you can learn how to SAVE TAX for business! Reserve your FREE seat here: bit.ly/zen-taxlive

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