+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

gift received from friend/distant relative - taxable in canada

Jul 15, 2015
4
0
I am a canadian pr holder from india. If i received a gift from my non blood relative i.e friend or distant relative does that gift is taxable in canada. if that relative is living in india or in canada does it change any thing.
 

torontosm

Champion Member
Apr 3, 2013
1,677
261
indiabusinesspr said:
I am a canadian pr holder from india. If i received a gift from my non blood relative i.e friend or distant relative does that gift is taxable in canada. if that relative is living in india or in canada does it change any thing.
As long as the friend/relative is not your employer, the gift will not be taxable.
 

crosstheevil

Star Member
Jan 27, 2016
88
2
Category........
NOC Code......
0124
Job Offer........
Pre-Assessed..
AOR Received.
13-01-2016
Med's Done....
18-01-2016
Passport Req..
N/A
VISA ISSUED...
N/A
LANDED..........
N/A
Are PR card holders taxed for large amounts of gift money, say, more than 50k or 100k? Thanks