Tax implications of gift of shares for US/Canadian Citizen

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robinteresa
Posts: 2
Joined: Sat Aug 25, 2018 12:07 pm

Tax implications of gift of shares for US/Canadian Citizen

Post by robinteresa »

I could be receiving a gift of shares that are currently held in a foundation. Does anyone know the tax implications for a dual Canadian / US citizen if a) I do not sell the shares and keep them or b) I sell the shares? Thanks!
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nelsona
Posts: 18697
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Tax implications of gift of shares for US/Canadian Citizen

Post by nelsona »

Where do you live?
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
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robinteresa
Posts: 2
Joined: Sat Aug 25, 2018 12:07 pm

Re: Tax implications of gift of shares for US/Canadian Citizen

Post by robinteresa »

I live in Canada.
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