gift vs. inheritance
Moderator: Mark T Serbinski CA CPA
gift vs. inheritance
i have one remaining elderly parent who thinks that i should get my name on bank accounts and real estate that this parent owns. this is already part of my inheritance. everything is in canada and i currently live in the US.
for tax purposes i am nervous about having my name on anything right now.
are these worries of any valid concern? if i lived in canada, would there be any different tax implications to consider?