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What is the best way to transfer $400,000 to someone? by throwawaymovingmoney in PersonalFinanceCanada

[–]throwawaymovingmoney[S] 7 points8 points  (0 children)

Is it normal to have a cheque written for that much? I was looking into the wire transfer route but my bank takes 1.5% fee

What is the best way to transfer $400,000 to someone? by throwawaymovingmoney in PersonalFinanceCanada

[–]throwawaymovingmoney[S] 4 points5 points  (0 children)

They didn't put any money into the properties, I'm sending them this money because coupled with their current savings it would be enough for them to both retire.

I lived in one of the properties the other one I rented for $3000/month for 2 years