Ask Allan Forum
Get expert answers to your tax questions straight from Allan, our owner and experienced CPA. It’s free, direct, and designed to help you make the best decisions when it comes to your taxes.
Notifications
Clear all
Ask Allan Forum
2
Posts
2
Users
0
Reactions
1
Views
Jul 28, 2020 6:13 am
Hi Madan,
My father in India wants to wire me some cash and I am no longer an Indian Citizen. Will that cause any problem with me accepting his gift. More importantly, will his bank need more than just a notarized Gift certificate for him to be able to do this wire transfer. (Any other documentation?)
Thanks
1 Reply
Jul 31, 2020 1:39 am
No, that will not be a problem from a Canadian tax perspective. Check with the bank if they will accept a notarized Gift Letter to transfer the funds.