Can my wife gift me shares from non-reg account?

wouldn't the gift be a disposition for her (and therefore require her to account for the capital gain?)

hopetindall wrote: ↑

Feb 12th, 2019 12:18 pm

wouldn't the gift be a disposition for her (and therefore require her to account for the capital gain?)

That's what I want to understand, I googled the topic and found that

Gifts between spouses and civil partners are normally free of any capital gains tax.

but it looks like from UK website .... not sure about CRA rules (probably much more strict )

Read here: Transfers of property to a spouse or common-law partner or to a trust for a spouse or common-law partner

From what I see (I may be totally wrong), there are two ways to do this.
1. You are deemed to buy from your spouse at the ACB, there is no capital gains is reported by your spouse now, however any capital gains in the future are attributed back to your spouse.
2. You are deemed to buy from your spouse at fair market value. Capital gain is reported now by your spouse and any future capital gains are attributed to you.

Sure - she can gift you shares but she'd still pay the income tax on the dividends/gains from those shares in the future....you can't just "Gift" stuff to your spouse to avoid paying tax on the income.

Gifting between spouses is at cost unless you elect out of it, but there are attribution rules to consider. Get professional advice.