Can a gift be profitable when the tax benefits are taken into account?
Canada (Federal), Canada
The following excerpt is from Markou v. Canada, 2019 FCA 299 (CanLII):
The other decision cited by the appellants in support of the proposition that gifts can be profitable when the tax benefits are taken into account (Staltari v. The Queen, 2015 TCC 123, [2015] 5 C.T.C. 2140 [Staltari]) is also a case where the donor was in fact impoverished by reason of the gift that he made.
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