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Category: US Gift Taxation

US & Canadian Cross-Border Tax Service - Cross-Border Financial Professional Corporation - US Gift Taxation
U.S. Gift Taxation Basics for Canadians
  • By Karlene Mulraine
  • February 13, 2020
  • US Gift Taxation

U.S. Gift Taxation Basics for Canadians

Under U.S. tax rules, transfers or gifts of property are subject to gift taxation if adequate consideration is not received by the giver. These rules are not limited to property in the U.S. and generally apply regardless of where the property is located with some exceptions.…
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