Search found 3 matches

by jeepus
Tue Jun 20, 2006 1:19 pm
Forum: Canada / United States Tax & Accounting
Topic: How to transfer money from CDN Grandma to College account
Replies: 4
Views: 3127

Thank You!
by jeepus
Tue Jun 20, 2006 12:27 pm
Forum: Canada / United States Tax & Accounting
Topic: How to transfer money from CDN Grandma to College account
Replies: 4
Views: 3127

Really? :D I mean, I'm sure there's no tax on her side, since she is Canadian, but I would have expected that the IRS would consider it income once it came to any of us now that we are US citizens. So there's no gift tax or whatever involved once we receive it? It will amount to about 30,000 between...
by jeepus
Mon Jun 19, 2006 11:24 am
Forum: Canada / United States Tax & Accounting
Topic: How to transfer money from CDN Grandma to College account
Replies: 4
Views: 3127

How to transfer money from CDN Grandma to College account

Hi all. :D My Canadian mom wants to tranfer the control of a couple of Canadian bank accounts to my care or to my children, whatever makes the most sense, when I go to visit her in Canada in a few days. My husband and I have become US citizens, which makes both my kids US citizens, so I'd like to kn...