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Canary

Full Member
Mar 12, 2009
43
0
Can someone please help me with this problem. My Mother In Law just told me that she is going to give me her jewelry in the future. I cant put that on the goods to follow list because its not mine yet. So my question is when she does give it to me, in 5 maybe 10 years time, what are the tax implications for me?
 
If you take considerably valuable things later after your settlement in Canada, which is not declared in Form B4 and B4a , could taxable. Fore more details read this link:

http://www.settlement.org/sys/faqs_detail.asp?faq_id=4000503