Tax questions? You ask lah! #121

Published: Wed, 04/19/23

Tax questions? You ask lah!

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

Jessica has taken the HPV vaccination. Is the cost of this vaccination eligible for tax deduction in her husband’s income tax return?

A:
If Jessica's HPV vaccination was expended by her husband, then her husband can claim tax relief for the amount expended in his income tax return under the serious disease relief category.

Is the insurance purchased overseas eligible for claiming personal tax relief? How to determine the exchange rate?

A:
Yes, insurance purchased overseas is eligible for claiming personal tax relief. You can use the actual exchange rate or the exchange rate provided on the Inland Revenue Board’s website.

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. https://bit.ly/free-tax-webinar-eng

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