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Pedro2004

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Pedro2004

Re: gump90 post# 81454

Thursday, 08/19/2004 11:20:45 AM

Thursday, August 19, 2004 11:20:45 AM

Post# of 359151
gump90

Re: In Canada our tax rules are firm. If I 'give' shares to my family they carry my cost base for tax purposes. I don't get any tax liability.

--------------------------------------

Under United States tax law,

we consider this transaction as a "GIFT."

When a Gift is "given" to an individual, the "giver" must file a Gift Tax Return and pay any Gift Taxes to the US Treasury (IRS).

Of course _ all is IMO

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