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QUESTION:
What is Canadian tax law on me A U.S. citizen gifting my appreciated stock to my daugter in law a Canadian citizen . What is her cost basis . Since I
don't pay taxes on the appreciation does she have to or does she pick up the value on the day of the gift as her cost ?
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david ingram replies:
Canada has no gift tax. Under Canadian law, she gets it at the FMV the day you gave it to her.
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