There are no estate or gift taxes in Canada, so gifts may be given with no tax implications. The attribution rules may, however, apply in certain circumstances to cause the income to be taxed in the hands of the gift giver. A taxable capital gain can also arise on a gift.
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."