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Originally posted by chittesh

My parents want to send me money as gift from india .
Will i be taxed on the money? How much? Is there an exemption limit etc?

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Most of such questions have been asked and have been answered before. It surely does take time to read and find them. So, whenever you do have some time start reading the threads and enjoy doing it. You will find a few surprising answers too. The knowledge base that you will acquire will be immense, especially for one who has come down to Canada.

Goor Luck.

Here is one such thread. : http://www.canadiandesi.com/read.php?TID=25297 You will find it in here.

Have a good one.

Freddie