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As per CRA, if you give capital property as a gift, you are considered to have sold it at its fair market value (FMV) at the time you give the gift. Include any taxable capital gain or allowable capital loss on your Income Tax and Benefit Return for the year that you give the gift.

however, if you transfer a condo to your spouse or a common-law as a gift, there are special rules. Please visit the article on Transfers of property to your spouse or common-law partner or to a trust for your spouse or common-l... 

Please visit the article on Transfers of capital property 

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