Q:
If company gives meal allowance to staff, can this be tax exempted for the staff?
A:
If the meal allowance is given at the same rate to all employees, then the meal allowance received is tax exempted.
Q:
Can I get tax deduction if I sponsor for my employee's study?
A:
If you are subsidising the staff in a form of allowance, you can claim tax deduction if the allowance is given as part of the staff’s remuneration which is a taxable income to the staff.
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!