I am a US citizen/resident, do taxes in USA only. My wife is Canadian/resident, does taxes in Canada and USA. I treat her as a resident alien and file married filing jointly.
We are looking into buying a property in Canada, but because of tax laws (Speculation tax) will have to buy the property under a Canadian family member. If I move a large amount of legal money from USA to Canada to my wife's checking account, does this trigger any taxes or anything I have to report to the IRS. I am asking strictly from USD cash to CAD checking account, all investments (i.e stocks) will have been sold and taxes already will be paid on gains. It looks like Canada has no issues with it, no gift tax, though I am technically not gifting it to my wife.
