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Gift from father to son question

Gemy_1989

Member
Nov 23, 2016
15
0
Hi Everyone,

I hope you could give me your opinion about the following situation:

I am Egyptian and after I was issued an invitation to apply (ITA) by the 2nd of November, a decision was taken by my government on the 3rd of November to float the national currency which has led the Egyptian pound to lose nearly half its value. As a result, I had to open a recent USD account (I haven't satisfied the six months requirement) in order to overcome the fast devaluation rate of the Egyptian currency as I took the money from my dad as a gift.

My dad converted some of his cash money and deposited it in his USD account in order to send it to me through either a bank draft or bank transfer but the bank already put restrictions on such USD transactions. So my dad had to withdraw the money again to deposit it personally in my bank account (I got a certificate from my bank proving that my dad was the one who deposited the required amount).

My questions are:

Does this certificate suffice if submitted along with my recent bank statement and the notarized gift letter?

Do I have to provide my dad's bank statement which shows that a 10000 USD were deposited in my dad's account and then withdrawn at the same day (I think they will suspect this bank statement and they will not understand my reasons) ?

Thanks,
 

Asivad Anac

VIP Member
May 27, 2015
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Only you are expected to prove sources of funds (which you're doing using that gift letter). Not your father. They don't have to prove anything to IRCC.
 

Gemy_1989

Member
Nov 23, 2016
15
0
Thank you so much Asivad, but may I ask how IRCC will make sure that the source of funds actually came from my dad? and is a bank statement of only one month is acceptable in case of gift funds?
 

Asivad Anac

VIP Member
May 27, 2015
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You mentioned that certificate from your bank to prove this.

You'll still be required to provide 6 months average balance or 6 month bank statements.
 

Gemy_1989

Member
Nov 23, 2016
15
0
But I opened my USD account one month ago for the reasons I mentioned above. Will it be acceptable for IRCC to submit only a one month statement along with a letter of explanation of my situation?
 

Asivad Anac

VIP Member
May 27, 2015
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Job Offer........
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Gemy_1989 said:
But I opened my USD account one month ago for the reasons I mentioned above. Will it be acceptable for IRCC to submit only a one month statement along with a letter of explanation of my situation?
Seems like that's the best you can do here.