Tax Rules for Gifts from Abroad

QuestionsCategory: QuestionsTax Rules for Gifts from Abroad
Brightn-n-Fresh Staff asked 3 years ago

Are there additional taxes for receiving gifts (under $100,000) from abroad?

My uncles (in the source country) and my mother (in Canada) inherited some real estate in the source country. My mother’s name is not listed as an owner or beneficiary. My uncles sold the property and are now splitting the proceeds across the family.

Assuming all taxation rules around inheritance and capital property have been followed in the source country, the amount we would receive would be post-tax.

Would we have to pay any additional taxes/fees (beyond electronic funds transfer service fees) for receiving my mother’s share as a “gift?”

Thanks in advance.