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.
February 19, 2025
In Canada, there’s no gift tax, but property gifts can trigger capital gains. Discover how to give generously while minimizing taxes.
Deciding whether to gift or inherit property in Canada hinges on tax, family dynamics & long-term planning. Discover strategies to minimize your tax burden.
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.
Canada has no ‘death tax,’ but estates face capital gains, probate, and other fees. Smart planning can protect your wealth for loved ones.
Inheriting property in Canada can come with significant tax implications, particularly capital gains tax.
In Canada, there is no direct inheritance tax, but beneficiaries may still face taxation depending on the type of assets they inherit.
In Canada, estates are primarily taxed through capital gains tax and income tax rather than a direct estate tax.
When you inherit a house in Ontario, ownership is transferred to you according to the deceased’s will or estate plan.
SWPP helps families and business owners in Ontario with comprehensive estate planning.
SWPP’s Living Estate Plan service ensures Ontario families have an estate plan or living trust that protects their assets from unnecessary taxes and fees, including probate.
16 Industrial Parkway South, Suite 609, Aurora, ON, L4G-0R4