A gift to her daughter and grandson has left a 93-year-old Ontario woman with sticker shock.

Liz Diachun told <a data-evt-val="{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;CTV News&quot;, &quot;target_url&quot;: &quot;https://toronto.ctvnews.ca/mobile/i-m-not-wealthy-ontario-senior-shocked-she-owes-40-000-in-capital-gains-after-gifting-land-1.6905994&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}" rel="noopener noreferrer" data-evt="click" data-evt-typ="click" href="https://toronto.ctvnews.ca/mobile/i-m-not-wealthy-ontario-senior-shocked-she-owes-40-000-in-capital-gains-after-gifting-land-1.6905994" target="_blank">CTV News</a> she was planning to give her family two lots on her farm property in Warkworth to help them establish homes. However, her lawyer informed her that despite the land being a gift, it still needed to be appraised at fair market value for tax purposes.

'I’m on pension. How am I going to pay for that?'{ai:summary}<p>An elderly woman in Ontario faces unexpected tax consequences after gifting property to family members in Warkworth. Despite intending to help her daughter and grandson establish homes, the 93-year-old is shocked by the appraisal required for tax purposes. #society</p>

Canadian, 93, wanted to give her kids a gift. Instead she got slapped with $40K in capital gains tax bill

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