A Amelda Newbie Apr 25, 2019 2 0 Apr 26, 2019 #1 Hi Everyone, Can someone confirm, how much gift money can be received in Canada which will be taxfree via wire transfer from my parents staying overseas. Is there any particular limit for the year 2019. Thank u
Hi Everyone, Can someone confirm, how much gift money can be received in Canada which will be taxfree via wire transfer from my parents staying overseas. Is there any particular limit for the year 2019. Thank u
S samwinchester1 Newbie Jun 1, 2022 3 0 Thursday at 5:23 PM #2 In Canada, gift money is generally not taxable, so you should be good to receive it tax-free.