- Joined
- Aug 27, 2012
- Messages
- 76
My mother-in-law has some property in Asia which she would like to gift to her daughter. 1) Does she need to declare this/these gift(s) of property to CRA?
2) if the property value is above 100K is there any difference if it is income producing or not.
3) What are the circumstances that foreign property must be declared?
Thank you in advance for helping with these questions.
2) if the property value is above 100K is there any difference if it is income producing or not.
3) What are the circumstances that foreign property must be declared?
Thank you in advance for helping with these questions.