Hi,
I have received an ITA, and have an account with an Indian bank that is linked with Auto Sweep. That is, the excess cash above a limit gets converted to a term deposit (FD).
Thus, my last 6 months balance shows very little money on a regular basis, as most of the amount has gone into creating these FDs automatically. I have got the certificates for all these FDs from the bank, and the bank letter mentions the available closing balance as well (including FDs).
Will the Canadian authorities have any doubt about this? Should I break the FDs?
Thanks!
I have received an ITA, and have an account with an Indian bank that is linked with Auto Sweep. That is, the excess cash above a limit gets converted to a term deposit (FD).
Thus, my last 6 months balance shows very little money on a regular basis, as most of the amount has gone into creating these FDs automatically. I have got the certificates for all these FDs from the bank, and the bank letter mentions the available closing balance as well (including FDs).
Will the Canadian authorities have any doubt about this? Should I break the FDs?
Thanks!