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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!
YYC Tax Guru