Money gift from my parents..is there a problem?

[ranmania]

Hi I have a PR and I am waiting for my citizenship soon. My parents live and work in the USA. They want to send me a money gift to help me and my husband to buy a house. Is there any problem? is there a limit? is there any tax to be paid?
Thanks

 

[Cassiano]

Hi I have a PR and I am waiting for my citizenship soon. My parents live and work in the USA. They want to send me a money gift to help me and my husband to buy a house. Is there any problem? is there a limit? is there any tax to be paid?
Thanks

no, but they should give you an explantion letter of the gift

https://www.canada.ca/en/revenue-ag.../publications/p113/p113-gifts-income-tax.html

https://www.google.com/search?q=mon...l2j69i60l2.21743j1j7&sourceid=chrome&ie=UTF-8