TAX QUESTIONS? YOU ASK LAH!

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Q: If a staff uses the medical benefit given by company to buy health supplements and equipment like hearing aids, will the medical benefit be tax deductible?

A: Yes, the medical benefit is tax deductible. However, if the staff uses the medical benefit to purchase health supplements and equipment, it will be a perquisite to the staff and is taxable.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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