My parents want to give me some money for my downpay. Do I have to report it on my tax return? I was told Canada has no gift tax, so i don't pay tax but do I need to report it? thanks a lot.
My parents want to give me some money for my downpay. Do I have to report it on my tax return? I was told Canada has no gift tax, so i don't pay tax but do I need to report it? thanks a lot.
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