How Much Can You Gift Tax Free 2024 In Canada. Well, the rules about giving money to family members through a will or not are the same. That means, for example, that you can gift $18,000 to your cousin, another $18,000 to a friend, another $18,000 to a neighbor, and so on in 2024 without having to.

This is an excellent way to help. Once you decide to give, however, the next question is how much should you give, what form should your gift take and what are the tax, and in some cases,.