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5 year fixed interest rates selling home to family members What's CRA's Position on Family Gifts? | FBC, Canada's Farm. – Your proceeds of disposition for the property would still equal the actual selling price you had set on the property at the time of the transfer. However, if you make an outright gift of the property to your family member, the family member’s cost is "bumped" up to the fair market value, thereby avoiding this double-tax issue.