Hello everyone! I want to know what's the best possible way to send all of my brother's education expenses from UAE to Canada?
He got his study permit and starts his undergrad program on Sept 7th but we need to send all his funds (about CAD 150,000) by end of June since we need to close our bank accounts by end of June - this is because our dad retired and we need to move back to Bangladesh. As it is difficult to send money from BD, we want to send all funding my brother would needs for 4 years to Canada before June 25th. I also have another brother who's completing his last year of bachelors in Toronto and has a bank account. Can my dad transfer all the money to his account? Will there be any legal issues for this huge sum of money being sent?
He got his study permit and starts his undergrad program on Sept 7th but we need to send all his funds (about CAD 150,000) by end of June since we need to close our bank accounts by end of June - this is because our dad retired and we need to move back to Bangladesh. As it is difficult to send money from BD, we want to send all funding my brother would needs for 4 years to Canada before June 25th. I also have another brother who's completing his last year of bachelors in Toronto and has a bank account. Can my dad transfer all the money to his account? Will there be any legal issues for this huge sum of money being sent?