WAys of transferring money from Pakistan to Canada

[satd.]

Hello

We are planning to buy a house here in Canada. My father in Pakistan wants to send me money to help me do the downpayment. Amount is around 70k. Can someone guide me how it will work out?

Thanks

 

[carolbb23]

They can transfer it through your Canadian bank account or money order through his bank and fed ex it

 

[satd.]

They can transfer it through your Canadian bank account or money order through his bank and fed ex it

Do i have to inform the bank in advance that my father is sending me money? Is the amount taxable?

 

[carolbb23]

Yes and I doubt it is taxable since it's a gift or call your bank and ask or money order through your father bank

 

[carolbb23]

I do not think it is taxable since it's a gift I suggest you do call the bank and ask or money order through your day bank through register mail like ups

 

[satd.]

I do not think it is taxable since it's a gift I suggest you do call the bank and ask or money order through your day bank through register mail like ups

Thanks. I will call my bank tomorrow to find out.

 

[torontosm]

Thanks. I will call my bank tomorrow to find out.

You can transfer it through any bank, and it is not taxable as it is a gift. If you wish to receive the funds sooner, you can open an account at Habib Canadian bank and to an intra-bank transfer from Pakistan.

 

[satd.]

You can transfer it through any bank, and it is not taxable as it is a gift. If you wish to receive the funds sooner, you can open an account at Habib Canadian bank and to an intra-bank transfer from Pakistan.

Thanks for your advice.
Could you please let me kniw which bank in Pakistan will do an intra-bank transfer to Habib Canadian bank?

THank you

 

[torontosm]

Thanks for your advice.
Could you please let me kniw which bank in Pakistan will do an intra-bank transfer to Habib Canadian bank?

THank you

Habib Canadian is owned by Habib Bank AG Zurich, so that would be the easiest route.

 

[satd.]

Habib Canadian is owned by Habib Bank AG Zurich, so that would be the easiest route.

Thank you for ur help.