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by gifting
Wed Jul 20, 2005 6:07 pm
Forum: Canada / United States Tax & Accounting
Topic: cash gifts from canada to usa
Replies: 1
Views: 2777

cash gifts from canada to usa

I live in the USA, and am in the fortunate situation of being offerred about 350K US from my parents in Canada to buy a house here in the states. Are there any gift tax issues with either government that we have to deal with assuming the we put the house in my name? I understand the in the US, paren...