Here is a fake example which is made up. Let’s say I gift a family member $10,000 worth in Bitcoin. I understand that in Canada gifting crypto is considered a disposition by the CRA so I would pay any capital gains I gained while I held it. And for the recipient, their Fair Market Value would be the day they received it.
So if I gifted them $10,000 in Bitcoin, and they were to sell the Bitcoin for $10,000 immediately after receiving it, I am wondering if they would have to pay any Capital Gains tax.
