Personal Finance & Money Asked on August 21, 2021
Suppose a parent has two children: child A and child B. Both children are 18+. The parent, child A, and child B are all non-citizens and non-residents of Canada; they do not live in Canada. Child A happens to have a Canadian bank account, but the parent does not. The parent will soon be paying for child B’s further education, and needs to make a large initial payment to the university that child B will soon be attending. Can the parent wire a large sum of money to child A’s Canadian bank account, and get child A to make payments to the university using that sum? Will the Canadian bank become suspicious of such money transfers?
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