Stack Exchange network consists of 183 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.
Q&A for work
Connect and share knowledge within a single location that is structured and easy to search.
I am a Canadian citizen living in Halifax.
My brother wants to help me buy a flat and plans to transfer money as a gift ($150,000 USD) from the States to Canada.
Is the transfer taxable?
It is taxable to your brother (assuming he's a US tax resident). Transfer of any amount over $14k per year to any single person (other than spouse) triggers gift tax liability.