Canada
Gift letter for a Canadian mortgage
There is no single Canadian gift-letter form. RBC’s mortgage checklist lists a gift letter among down-payment documents, and RBC says the letter states that the money does not have to be repaid. Requirements vary by lender. If RBC is your bank, ask an advisor for the bank’s own letter.
See also the US gift letter and the UK gifted deposit letter.
Preview
The draft shows up here. Until you unlock a copy, the preview is watermarked and the second half stays hidden. Copy and download of the finished letter include signature and date lines.
What the published sources say
These are summaries, with the page we read and the date we read it. They are not official forms, and the drafter is not allowed to invent rules beyond this file.
Canada — what RBC has published
Canada has no single official gift-letter form on this site. RBC Royal Bank’s mortgage document checklist lists a gift letter among the documents that can confirm a down payment, alongside savings statements, a sale agreement, and a Home Buyers’ Plan withdrawal. On its own site, RBC says that if you give a child money for a down payment you write and sign a gift letter, which an RBC advisor can provide, stating that the money does not have to be repaid. A separate RBC article says lenders may ask for proof of a gift to verify that it is not a loan.
- RBC’s checklist names a gift letter as down-payment documentation.
- RBC says the letter states that the money does not have to be repaid.
- Requirements vary by lender. This is not a national Canadian template.
- RBC says an advisor can provide the bank’s letter. If RBC is your lender, ask for that form.
- A gift-letter PDF hosted on a mortgage broker’s site was not used. The field list on that copy was not verified on rbc.com.
- RBC Royal Bank mortgage document checklist — Read 2026-11-10
- RBC Royal Bank, Helping Your Child Buy Their First (or Next) Home — Read 2026-11-10
- RBC Royal Bank, How Newcomers Can Save for a Down Payment — Read 2026-11-10
Blank gift letter
Free to copy. Your bank may still require the form an advisor gives you.
To whom it may concern: I, [donor name], of [donor address], am giving [recipient name] a gift of CAD [amount] toward a down payment. [Recipient name] is my [relationship]. The gift is for the property at [property address, if known]. The funds [were transferred / will be transferred] on [date]. The funds are a gift and are not repayable. I do not expect an ownership interest in the property. Phone: [donor phone] Donor signature: ______________________________ Date: ________________ Recipient signature: __________________________ Date: ________________
Sample letter
SAMPLE — not a real letter, and not your draft. To whom it may concern: I, Elise Martin, of 40 Rue des Érables, Montréal, QC H2X 1Y4, am giving Noah Martin a gift of CAD 25,000.00. Noah Martin is my child. This gift is for a Canadian mortgage application. The gift is for the property at 90 Avenue du Parc, Montréal, QC H2W 2N7. I transferred the funds on April 12, 2026. No repayment is expected, now or later. I do not expect an ownership interest in the property. Phone: (514) 555-0148 Elise Martin
What does a mortgage gift letter have to say?
For a conventional loan sold to Fannie Mae, Selling Guide B3-4.3-04 says the donor’s letter must state the actual or maximum amount, say that no repayment is expected, and give the donor’s name, address, phone number, and relationship to the borrower. FHA’s Handbook 4000.1, in the August 13, 2025 issuance, also requires the borrower’s signature and date. Your lender can ask for its own form on top of that.
Can I call it a gift if I will pay the money back?
No. If the money has to be repaid, it is a loan. This site will not draft a gift letter for that. Tell your loan officer the real terms. A false statement to a lender can be a federal crime under 18 U.S.C. §1014.
Do you keep a copy of the letter?
No. The draft is returned to your browser and kept in this tab’s session storage so you can preview it. The server does not store the letter text. Clearing the tab clears the draft.
Will you take my Social Security number or full account number?
No. The form rejects Social Security numbers and long account numbers. An optional last 4 of the donor account is the only account detail the gift letter form accepts.
Are you affiliated with Fannie Mae, FHA, VA, or a lender?
No. Mortgage Gift Letter is not Fannie Mae, Freddie Mac, Ginnie Mae, FHA, VA, Nationwide, RBC, or any lender or broker. Notes on this site are summaries of public pages, with the source linked. They are not an official form.
Is this financial, legal, or mortgage advice?
No. We format a letter from facts you supply. We are not your loan officer, lawyer, or broker. Your lender’s requirements and forms take priority. Ask which format they accept before you rely on a draft.
What do I get before I pay?
A watermarked preview with the second half hidden, plus the blank templates on each page. Copy and download of the finished letter, as PDF and Word, unlock after purchase. Single letter is $4.99. Unlimited letters for one loan, for 30 days in this browser, is $9.99. If checkout is not connected, the button says coming soon.
Do UK and Canadian lenders use the same letter?
No. Requirements vary by lender. The UK page summarizes Nationwide’s published gifted-deposit page. The Canada page summarizes what RBC has published on its own site. Neither is a national form.