TAX QUESTIONS? YOU ASK LAH!

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Q: Can I claim tax relief on the purchase of education insurance for my daughter? Is there an age limit for my daughter for me to be eligible for this tax relief?

A: The purchase of education insurance for your daughter is eligible for tax relief. Please note that the policy must be contracted by yourself for your daughter and the maturity amount must be scheduled for payment when your daughter is between the ages of 13 and 25.

Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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