TAX QUESTIONS? YOU ASK LAH!

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


Q: I have paid for a one-year newspaper subscription fee. The subscription period is from April 2021 to March 2022. Do I need to apportion the amount according to the year while claiming lifestyle relief?

A: You can claim the full amount based on invoice date without needing to apportion the amount.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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