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 with questions? He has had the money in the Canadian bank account for well over a decade with an investment firm.
Curious what your thoughts were.
Curious what your thoughts were.