Specify if gift deed in needed or not

[flashlight]

Hello everyone,

I received ITA recently, and for the last 3 months I have enough funds to demonstrate on my statements without any major changes.

However my parents have been deposing money into my account back home for 3 months (around 1000 USD/month) and in December I transferred that sum to my Canadian account (3000 usd) to pay for tuition in January (already did).

Question is, as I will be showing my statements from back home bank and canadian bank, do I need gift deed for periodical transactions into my account (in cash) made by my parents?

I feel i am complicating the process. Please advice.

 

[thestunner316]

Hello everyone,

I received ITA recently, and for the last 3 months I have enough funds to demonstrate on my statements without any major changes.

However my parents have been deposing money into my account back home for 3 months (around 1000 USD/month) and in December I transferred that sum to my Canadian account (3000 usd) to pay for tuition in January (already did).

Question is, as I will be showing my statements from back home bank and canadian bank, do I need gift deed for periodical transactions into my account (in cash) made by my parents?

I feel i am complicating the process. Please advice.

better to get a gift deed notarised... just to be safe

you will need a strong LOE also explaining the transactions... but as long as everything is legal and explained properly it shouldnt be a problem.

good luck