+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Gift money/deed

Feb 10, 2023
13
5
Hi, new to the group . i want to know that can we take money from parents, which would be mine obviously once they gift me, in the account and show bank statement and for proof make a gift deed/certificate. And would we need to keep that for 6 months in the bank then we can show the statement or is it fine to just show the current statement with the certificate.
 
  • Like
Reactions: EngAbijith

AndyUK

Hero Member
Oct 15, 2022
358
384
Yes, what you described is fine. Ideally the money should be in your account for 6 months (if it's more than 6 months then you don't have to even show the source) but if it's a gift then it can be less than that.