I am a permanent resident of Canada and I am contemplating getting an interest free loan from my father to buy a house in Canada. My father does not live in Canada. I have the following questions:
What are the kind of questions (if any) i should be ready to answer to my bank, CIC or CRA when moving such a huge amount of money into Canada.
Will i be asked to pay taxes or any other fees on the money lent by my father ?