GST for short. Transfers from grandparents to grandchildren have their own complications.
So, if parents gift directly to their children, this is avoided?
So, parents can gift up to $5,250,000 (one time) to children with no tax burden on the recipient. Recipient reports gift on 709?*
Uncle can go back on Estate for Long Term Care costs if transfer is less than 3? or 5? years prior.