Parents Sending Down Payment from India to Canada - Watch This First!

Your parents sent money from India for your down payment and your lender just rejected your mortgage. This happens more than you think, and it's completely avoidable. In this video, I break down exactly what needs to happen on BOTH sides - India and Canada so your down payment is ready when your offer gets accepted. We cover LRS, TCS, the NRO route to avoid that 20% holdback, the 90-day seasoning rule, and the gift letter requirements your lender will ask for. If you're a first-time home buyer in Canada with family support coming from India, this is the most important video you'll watch before you start shopping. ———————————————————————————————————— CHAPTERS 0:00 – The mistake that cost a couple their house 0:14 – India side: The LRS explained 1:20 – TCS: The cost nobody plans for (20% on gifts) 2:10 – The NRO route - how to legally skip TCS 3:15 – Canada side: The 90-day rule 4:18 – Gift letter - exactly what your lender needs 5:15 – The uncomfortable truth about gift letters 6:45 – Mistakes that will cost you the deal 8:30 – What to do right now ———————————————————————————————————— I'm Vidur, a licensed REALTOR® in Ontario. I moved to Canada as an immigrant, figured out how all of this works the hard way, and now I help first-time buyers in the West GTA navigate the process without making expensive mistakes. If you're planning to buy in the GTA, Mississauga, Milton, Oakville or Burlington subscribe. Every video on this channel is built around the questions nobody answers properly. 📩 Book a call with me: https://tr.ee/oT8Z32qjYN 📲 Instagram:   / vidursyal   ———————————————————————————————————— #FirstTimeHomeBuyerCanada #DownPaymentCanada #MortgageCanada #RealEstateCanada #HomeBuyingTips