Do I have to pay tax on cash (house payment) received from parents?


if parents give me money purchase house (let's pay half of house price house title under name), have pay tax on money receive them, or parents need pay tax on money gifted child?

understand in 1 cannot gift individual more $10,000, otherwise needs pay tax. in canada?

if parents give me money purchase house (let's pay half of house price house title under name), have pay tax on money receive them, or parents need pay tax on money gifted child? understand in 1 cannot gift individual...


Business & Finance Taxes Canada Next



Comments

Popular posts from this blog

What is actually SEO?Is it only meta tags?Elaborate.?

Should India fight Terrorism or fight simply Pakistan ?