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

Community

Question

I will be receiving around 125000 from my sister in india so that i can pay her daughters school fees with whole amount. Will that be taxable to me?

Forum|Forum|4 years ago
November 27, 2021
1 reply
0 views

No text available

TurboTax Premier Online

Employee

No. Gifts your receive are not taxable or reportable income, even if received from abroad. Since you are, apparently, just an intermediary, it would still not be considered income to you.

However, there is a reporting requirement (no tax is due), separate from your income tax filing, for foreign funds received, exceeding $100,000. For details, see https://www.bankrate.com/finance/taxes/limit-on-cash-gifts-from-nonresident-alien.aspx

She should pay the school directly and leave you out of being in the middle.