Tax questions? You ask lah! #99

Published: Thu, 11/03/22

Tax questions? You ask lah!

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

Is the refinanced loan interest deductible against rental income?

A:
Refinanced loan interest is not eligible for tax deduction because the purpose of the loan is not for purchase of the real property being rented out.

Does lifestyle relief include music and dancing classes?

A:
No, lifestyle relief includes gym membership but not music and dancing classes.

By the way, our "Tax Questions? You Ask Lah!" series is approaching series #100! 🤩
So I have decided to host a Facebook Live to celebrate our 100th series! 🥳 But this time you will be the one ANSWER lah and you could stand a chance to win my autographed book!

Click on the link below to set a reminder for yourself!
👉 https://bit.ly/zen-youanslah-e

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. If you're liking these little tips, you can't imagine how much you'll get out of my FREE Tax Livestream! Learn more here: https://bit.ly/free-tax-webinar-eng

Disclaimer: The email is intended for informational purposes only. YYC has taken all reasonable care in the preparation and compilation of the information contained in this email, the information contained in the email is believed to be reliable but YYC or their associates make no representations as to accuracy, completeness, suitability, or validity of any information and will not be liable for any errors, omissions, or delays in this information.

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