I'm buying my house in BC with my fathers funds from Europe. How will this lump sum be considered and taxed? Should a take it as gift or loan? Or does it matter at all?

The money is used to buy a private property in which I'm going to live, I don't have a mortage.

I guess the options are to either lend it from my dad as a low interest loan or quite simply take it as a gift to buy the house.

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I'm buying my house in BC with my fathers funds from Europe. How will this lump sum be considered and taxed? Should a take it as gift or loan? Or does it matter at all?

Neither a gift or a loan would be taxable or reported.

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I'm buying my house in BC with my fathers funds from Europe. How will this lump sum be considered and taxed? Should a take it as gift or loan? Or does it matter at all?

Neither a gift or a loan would be taxable or reported.