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.
If it was truly a gift, you can't deduct it from your taxes. If it was a loan that you have decided not to collect on, and you have sufficient documentation that it was a loan (such as a promissory note), you may be able to deduct it. Also note that you may generally give gifts of up to $13,000 per person per calender year without giving rise to estate and gift tax issues.