Gift (Cash) to brother in India


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benparsad   
Member since: Jan 06
Posts: 412
Location:

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!!!:D


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Chandresh

Advice is free – lessons I charge for!!




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