How Much Money Can Be Legally Given to a Family Member as a Gift in Canada?
In Canada, there’s no gift tax, but property gifts can trigger capital gains. Discover how to give generously while minimizing taxes.
June 16, 2026
In Canada, there’s no gift tax, but property gifts can trigger capital gains. Discover how to give generously while minimizing taxes.
Putting a house in a living trust in Canada means transferring legal ownership of the property to a trustee while alive.
An irrevocable trust offers advantages like asset protection, reduced taxes, and avoiding probate.
Gifting a home to your kids in Canada isn’t tax-free. Learn how capital gains tax, the Principal Residence Exemption, and estate planning can impact the transfer.
At what age should you buy universal life insurance? The ideal time to buy universal life insurance is usually in your 30s or 40s, when you are healthy, premiums are lower, and there is more time for the policy to build tax-sheltered growth.