Financial Tips

This report will review some of the potential tax consequences of debt forgiveness for different types of personal loans made to family members.
Jamie Golombek and Debbie Pearl-Weinberg May. 02, 2023 5-minute read

Note: This report was initially published in January 2023.

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Written By
Jamie Golombek, CPA, CA, CFP, CLU, TEP

Jamie Golombek is the Managing Director of Tax and Estate Planning with CIBC in Toronto. Jamie is quoted frequently in the Canadian media as an expert on taxation, writes a weekly column called “Tax Expert,” in the National Post, has appeared as a guest on BNN, CTV News, and CBC’s The National and has been a regular personal finance guest on The Marilyn Denis Show.