TAX QUESTIONS? YOU ASK LAH!

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


Q: Amanda's son just purchased a laptop, and the invoice was issued under her son’s name. Can Amanda claim lifestyle relief with this invoice?

A: It depends on whether Amanda’s son is a dependant of Amanda. If the son is still a dependant, then Amanda can use this invoice to claim the lifestyle relief because it is implied that the laptop is purchased by Amanda. If the son is no longer a dependant of Amanda, then Amanda cannot claim the lifestyle relief using the invoice. The son is eligible to claim the lifestyle relief instead. 


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

Subscribe To Our Newsletter To Get Weekly Dose of Tax Knowledge!

We respect your email privacy


Home     Useful Articles     About Us     Contact Us     Site Map

Copyright 2022    YYCadvisors.com    All rights reserved.