I'll be joining the University of British Columbia for a graduate program this fall. My tuition fees are 8600 CAD per year minus a 3200 CAD scholarship, so 5400 CAD a year.
My issue is that at present I have around 22000 CAD in my account from the last month (and not 4 months as prescribed). Even my dad doesn't have a similar amount to show in his bank statement (although he has proofs like Income Tax returns for an amount greater than 22000 CAD etc).
Are there chances of rejection if I go with this one month statement or should I open a 20000 CAD GIC with Scotia Bank?
My issue is that at present I have around 22000 CAD in my account from the last month (and not 4 months as prescribed). Even my dad doesn't have a similar amount to show in his bank statement (although he has proofs like Income Tax returns for an amount greater than 22000 CAD etc).
Are there chances of rejection if I go with this one month statement or should I open a 20000 CAD GIC with Scotia Bank?