Hello Madan, My parents want to send me some gift money from India which is well below CAD 100,000 for the purpose of buying a house. I would like to know if I need to keep that money with me for a certain period of time to buy the house or could I directly go ahead with the house purchase. Does this affect?
Also if the bank in Canada entitled to ask me questions about the money I receive?
Thanks in advance for your answer.