Search found 1 match

by morgtan45
Sun Jun 20, 2021 11:38 pm
Forum: Canada / United States Tax & Accounting
Topic: tax on a familial gift for my Canadian wife from her family in Canada, where there is no gift tax
Replies: 2
Views: 1143

tax on a familial gift for my Canadian wife from her family in Canada, where there is no gift tax

I am a US citizen and my wife is Canadian citizen with a green card for the USA. We are looking to buy a house here in the US and my wife's father, who lives in Canada, wants to give us a familial gift of $120,000 to go towards a down payment. I'm confused because I know gifts here in the USA are ta...