I am a new immigrant in Canada, I received cash gift transferred to my bank account in Canada from my family members abroad for supporting my life in Canada. Is this cash gift received taxable ?


No, not taxable.

From Canada Revenue:

You do not have to report certain amounts in your income, including the following: . . most gifts and inheritances;

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.