There are no estate or gift taxes in Canada
There are no estate or gift taxes in Canada, so gifts may be given with no tax implications. The attribution rules may, however, apply in certain circumstances to cause the income to be taxed in the hands of the gift giver. A taxable capital gain can also arise on a gift.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.