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JoacRy

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Oct 23, 2015
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Hi all, quick question. As the subject states should small Christmas and Birthday gifts be mentioned in the Gift Deed? The total amount I'm talking about comes to $300 CAD.

Thanks for all replies.
 
JoacRy said:
Hi all, quick question. As the subject states should small Christmas and Birthday gifts be mentioned in the Gift Deed? The total amount I'm talking about comes to $300 CAD.

Thanks for all replies.
Not required
 
You don't need any deed for such small amount. As I understand, we need to provide the deed to explain a source of fund that may otherwise seem suspicious. I am not sure whether there is any cut-off for "suspiciousness", but surely 300 CAD is well below that point.