The good news is that your son’s wedding next year promises to be in an altogether more upbeat environment now that vaccination programmes are up and running. The good news from the Canadian point of view is that there is no gift tax on cash gifts. The scope for such support is now much more restricted and any excess is assessed under capital acquisitions tax – better known for most of us as inheritance tax or gift tax. However, in relation to your son’s wedding, this will not be something you have to worry about. The fact that you are in Ireland, as is the case, means any such spending above Revenue limits would adversely impact your son’s inheritance tax threshold.

Source: The Irish Times April 18, 2021 10:52 UTC