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0 pointsstefanfisk6y ago0 comments

"It is like this in most western countries" can still apply even if Canada is an exception.

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2 comments · 1 top-level

lstamour6y ago· 1 in thread

Generally speaking the same is true of “gifts”, though. You don’t have to report a gift as income if it’s reasonable, but drawing that line is where things get... complicated. Then you have to call in specialists like tax lawyers, etc.

chrisweekly6y ago

In the US, gifts of up to $15k are untaxed.

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