Inherited jewelry

[Canary]

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?

 

[Canary]

Any one please help

 

[wilson]

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