The dos and don’ts of tax-free gifts in Canada
Canadians pay a lot of tax dollars, and many times questions come up around what can be gifted to children or other adults without incurring tax issues. This article summarizes many of the factors to consider when gifting money.
Keep in mind, gifting cash is tax free. But once a gift is given, it is very hard to take back!
Link to Article is Here:
http://business.financialpost.com/personal-finance/taxes/jamie-golombek-the-dos-and-donts-of-tax-free-gifts-in-canada/wcm/74b65f76-8ccc-46e0-b33b-25b1965139f7
