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Click ‘Get Form’ to open the Gift Letter in the editor.
Begin by entering the date at the top of the form. This is essential for record-keeping.
In the section labeled 'This is to confirm that the undersigned is making a gift of $', input the amount being gifted.
Fill in the name(s) of the recipient(s) under 'To:'. Ensure accuracy as this identifies who will receive the gift.
Specify your relationship to the recipient(s) in both 'Relationship' fields, as this is crucial for compliance with lending guidelines.
Complete the property details including street, province, city, and postal code where applicable.
Indicate how the gift funds were deposited by checking one of the options: Cash, Wire Transfer, or Cheque. Provide additional details like bank name and date of deposit.
Fill in your name, home address, and phone number as the giftor. Finally, sign where indicated to validate your intent.
The borrower must also sign at the bottom confirming that all information provided is true and accurate.
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