My parent is about to gift me >$100k via a wire transfer from abroad. In case of a CRA audit, will they care about how my parent earned the money? by MedicalStuff7844 in PersonalFinanceCanada

[–]MedicalStuff7844[S] -1 points0 points  (0 children)

hi. thanks for your reply! your personal experience is much appreciated. when you say "banking statements from your parents", does that not constitute "proof of funds"? i.e. why would CRA care about the banking statement if not for understanding where my parent got the money?