What if I have a property in my mother’s name in India and I would like to sell it and bring money to Canada. How much tax do I have to pay on the receiving amount?
property gift from india
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If the property belongs to your mother and she is the beneficial owner of the property, then the after-tax sales proceeds can be paid to you in Canada, and you will not have to pay tax on the amount received. Your mother will be responsible for paying any capital gains tax to the Indian Tax Authorities.
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