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FSW - Funds Maintenance - Gifted Funds acceptable?

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sachin01663
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Posts: 47
Joined: Wed Mar 19, 2008 2:24 pm

FSW - Funds Maintenance - Gifted Funds acceptable?

Post by sachin01663 » Wed Sep 18, 2013 4:36 pm

I am applying for FSW but do not have sufficient funds in my bank account. According to the requirements, there should be minimum of 14 k Canadian dollars for 2 people.

My parents are ready to 'gift' (not lend) me this amount for my settlement in Canada. I am not sure if this is acceptable by CIC?

The have mentioned on thier website that you can not borrow money but I do think this is borrowing.

Anyone who had this experience?

neoseal
Member of Standing
Posts: 406
Joined: Sun Aug 27, 2006 3:20 pm

Post by neoseal » Wed Sep 18, 2013 6:33 pm

That will be acceptable with a letter stating that the funds are gift and do not need to be returned.

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