Tax questions? You ask lah! #3

Published: Wed, 12/30/20

Tax questions? You ask lah!

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

Is bicycle trainer set eligible to be claimed as lifestyle relief?

If the bicycle trainer set is a fitness equipment, then yes, it can be claimed as lifestyle relief because fitness equipment is considered as sports equipment under the Sports Development Act 1997.

Is bicycle eligible to be claimed as lifestyle relief?

Yes, bicycle is eligible to be claimed as lifestyle relief, as it is a sports equipment. However, it does not include motorized bicycle.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

P.S. One more thing. This tax savings course can save hundreds of thousands of taxes. You don't want to miss out!

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