Monetary gifts to family members

Question

1985 viewsJuly 7, 2020

0

Anonymous Posted July 3, 2020

Hi Madan,

Can my brother in law residing in Dubai can send the gift money to me in Canada for down payment? Can he be consider as a family member to give as a gift? He has to send me the gift letter or it has to be notarized in UAE?

1 Answer

score 0 · Answer 1 · 2020-07-07T19:49:24+00:00

Both family members and unrelated individuals can make a gift to you, and you will not pay tax in Canada on the gift received. The gift letter should be notarized in Dubai.

Monetary gifts to family members

1 Answer

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