Gift (Cash) to brother in India

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benparsad
Member since: Jan 06

Posts: 412
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Post ID: #PID

Posted on: 17-03-09 03:52:43

On my last visit to India, I gave some money to my brother as gift. His lawyer got the affidavit from me so as to enable my brother take this amount in his tax returns. Anything for me to declare in Canada or any other issue?

-Ben

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 17-03-09 17:46:09

Quote:
Originally posted by benparsad

On my last visit to India, I gave some money to my brother as gift. His lawyer got the affidavit from me so as to enable my brother take this amount in his tax returns. Anything for me to declare in Canada or any other issue?

-Ben

You just declared it in Canada - on CD!!!

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Chandresh

Advice is free – lessons I charge for!!

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Gift (Cash) to brother in India

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