Getting Gift money from India

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khpsrj
Member since: Nov 03

Posts: 9
Location:
Post ID: #PID

Posted on: 25-01-09 23:13:14

I have NRE account (created from Gulf) in India. Is there any limit (to avoid paying tax) on bringing money from (NRE account) in India to Canada?

amish2
Member since: Aug 08

Posts: 27
Location:
Post ID: #PID

Posted on: 08-05-09 21:15:45

Sample letter:

To whom it may concern,

The purpose of this letter is to state that I am giving my (relationship between donor and recipient), (recipient’s name), a gift of ($XX,XXX) to be used toward the purchase of a home. There is no expectation of repayment of this gift.

Sincerely,
(donor’s name)

Contributors: Pramod Chopra(6) chittesh(3) chandresh(2) JRF(2) sawhneyd(2) khpsrj(1) RBO(1) amish2(1) PakistaniEngineer(1) Fido(1) Garvo Gujarati(1) dalsania_nh(1) PearlJam(1)

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