You got me curious so i did a little searching. Apparently in Canada it would not be taxed as it would be considered a gift. See here For the USA i couldn't find a clear straight answer. Seems like it could be considered income but maybe a gift in certain cases.
germ22 3 points 13 hours ago
You got me curious so i did a little searching.
Apparently in Canada it would not be taxed as it would be considered a gift. See here
For the USA i couldn't find a clear straight answer. Seems like it could be considered income but maybe a gift in certain cases.