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I wanted to know what's the tax implication if I am a US citizen gifting money to someone in Canada who is neither a Canadian nor a US citizen. Does the gift tax applies? Share your resources please.

Thanks

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  • What amount are you gifting? You can gift $17K per person per year without having US gift tax liability, or needing to file a gift tax return (Form 709). Mar 15, 2023 at 0:03

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The US gift tax applies to the donor, it doesn't matter who/where the donee is (except for certain exempt donees like charities, or specific qualified donations like tuition or medical bills payments).

You can read more details in the instructions for the form 709, including the exemptions and exclusions.

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