TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

Gift tax

Forum|Forum|3 years ago
June 28, 2023
2 replies
16 views

Hi, do I need to file a gift tax form if I’m gifting, my son 84K?

Ask the Experts - Energy - June 2023

Level 2

Hi

Yes. Anytime you gift someone more than $17000/- in 2023, you have to file a gift tax return.

Here is a link to the IRS publications that may be useful:

https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-taxes

Employee Tax Expert

Employee Tax Expert

You are required to file a gift tax return if the gift per donee is more than $17,000. The annual exclusion changes every year.