You could gift the shares to your wife In this situation you do not have to pay any capital gains tax. This is because a gift to your spouse does not constitute a transfer as defined in the Income Tax Act and hence no capital gains tax is chargeable to the transaction.

Can stocks be gifted?

Stocks can be given to a recipient as a gift whereby the recipient benefits from any gains in the stock’s price. Gifting stock from an existing brokerage account involves an electronic transfer of the shares to the recipients’ brokerage account.

What’s the limit for gifting stock to a spouse?

The annual gifting limits of $15,000 per person ($30,000 for a joint gift with your spouse) apply, and the value of the stock on the day of the transfer constitutes the amount of the gift.

What happens if you give a stock as a gift?

But instead of selling the stock, you could give it as a gift, transferring the gains to the recipient. “The person who received the stock now has that appreciated stock. They can hold it if they want, but if they sell it, assuming they’re in a lower tax bracket, they might pay 0% in capital gains taxes,” Schwartz says.

Can you gift shares to a family member?

Transferring shares to someone as a gift Quite often, a shareholder (who may also be a founder) wishes to gift his or her shares to another shareholder (who may also be a co-founder), or to a family member of his. The good news is that there is no Capital Gains Tax on gifts of assets (including shares) you give to your spouse or civil partner.

Do you have to buy a gift for your husband?

Even though you know him like the back of your hand, at some point, panic-Googling “gift for husband” is basically inevitable. If you’re stuck in a creative rut, we’ve compiled the ultimate gift guide for any man in your life— boyfriend, fiancé or husband—to make shopping way easier.