TAX QUESTIONS? YOU ASK LAH!

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


Q: If I have purchased a house, do I need to submit income tax return form because I have made such purchase??

A: You do not need to declare the purchase of the house in the income tax return form. However, submission of income tax return form allows you to declare your income to the tax authority and that may prove your capability to purchase a house.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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