TAX QUESTIONS? YOU ASK LAH!

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Q: If I have opted for joint assessment for the Year of Assessment (YA) 2021, is there any issue in future if I opt for separate assessment for YA 2022 if my spouse’s income has increased?

A: No problem, for each YA, you can opt for either joint assessment or separate assessment.


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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