Search results

Thanks for your responses. The next part would be as I know it's not illegal money how does one prove from the CRA that it is just a gift? He has had it in an investment firm for over 15 years, so the income statements for that money made well over a decade ago are long gone. Also if he were...

I have an old friend I met years ago who is a German citizen who lived in Canada decades ago and is now back in Germany. He was planning on gifting me around 200k fro his Canandian bank account. I was wondering if either one of us would have to pay tax on this, and will the CRA come after me...