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Q: Can bakery equipment purchased for a hobby eligible to be claimed under personal tax relief?
A: No. If you enjoy baking as a hobby and want to claim tax relief, only the course fees for a baking class qualify under the lifestyle relief. The equipment you buy for baking, such as mixers or baking trays does not qualify, as it is not a course fee.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru