TAX QUESTIONS? YOU ASK LAH!

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Q: Is it required to declare medical insurance premium paid by the company in staff’s Form EA?

A: It depends on who is the policy owner of this medical insurance. If the policy owner is the company then it needs not to be included in the Form EA. If the staff is the policy owner, then it needs to be included in the Form EA as perquisite of the staff.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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