Dental caries (caries is Latin for rottenness), also known as tooth decay, cavities, or caries, is a breakdown of teeth due to activities of bacteria. The cavities may be a number of different colors from yellow to black. Symptoms may include pain and difficulty with eating.
Canada has no gift tax, so you can give your children any amount of cash, and it is not taxable as income or deductible as an expense. In spite of this, giving away cash in your lifetime may save taxes against your estate after you die. Key Concepts.
A good rule of thumb in looking at if a gift tax is going to be paid is the following: each person is allowed to gift any other person $12,000 per year with out disclosure to the IRS. So for parents giving a gift of equity to a child, then each parent can gift $12,000 for a total of $24,000 to that child.Anything beyond that is taken from a $1,000,000 (one million dollar) gift tax exemption over the life of the giving individual. Example: You have a person buying his/her childhood home.herefore each parent can still give that child up to $999,987.00 in gifts over the rest of their lives. Usually gifting rules still apply on gifts of equity, meaning if the total gift of equity is less than 20% the borrower may still have to come up with a 5% down payment from their own resources.