This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
My whole family are living in US. But, we still have canadian accounts.
If i transfer money more than 20k CAD from my bank account to my wife's account. Is it taxable in US?
Transfers of money are not taxable between spouses.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best