US spouses can gift unlimited assets to each other without gift tax.
But that strategy does not work the same way in Canada.
In this episode, Lucas Wennersten, CFA, CFP® (Canada), CFP® (USA) explains how Canada’s income attribution rules can cause investment income from gifted assets to be taxed back to the original spouse.
There is no formal gift tax in Canada.
But gifting after you become a Canadian tax resident may not lower your household tax bill.
The key takeaway for US families relocating to Canada is timing.
Asset restructuring, spousal gifting, and tax optimization strategies often need to be completed before your official Canadian tax residency start date.
Once you file your first Canadian tax return, your entry date is locked in.

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Moving to Canada From the US? Do This Before You Get Residency