Statutory declarations
Statutory Declaration of Gift of Funds
A sworn gift letter confirming that money given to you is a genuine gift, not a loan — most often required by mortgage lenders for a down payment gift. Fill it in online, download a ready-to-sign PDF, and notarize in Ontario.
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Also known as
- Gift Letter for Mortgage
- Down Payment Gift Letter
- Gift of Funds Affidavit
+3 more names
- Mortgage Gift Declaration
- Proof of Gifted Funds
- Declaration of Gifted Down Payment
STATUTORY DECLARATION OF GIFT OF FUNDS
I, ______, of ______, in the Province of Ontario, SOLEMNLY DECLARE that:
I am the ______ of ______ (the "Recipient").
I have given, or will give, to the Recipient the sum of ______ on or about ______.
This sum is a genuine and unconditional gift. No part of it is to be repaid, and it does not constitute a loan in any form.
This gift is to assist with the purchase of the property at , and I have no interest in, and am not a party to any mortgage on, that property.
Purpose of the gift (if specified):
I make this solemn declaration conscientiously believing it to be true and knowing that it is of the same force and effect as if made under oath.
Signed and sworn (or affirmed/declared) before me by videoconference in Ottawa, Ontario, while the Affiant(s)/Declarant(s) were located in ______________________, on ______________________, pursuant to O. Reg. 431/20, and Electronic Commerce Act, 2000.
______________________________ | ______________________________ |
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Statutory Declaration of Gift of Funds
A compact preview of this template
01Donor Information
Your full legal name (the donor)
Full name of the person receiving the gift
Your full address (the donor)
STATUTORY DECLARATION OF GIFT OF FUNDS
I, ______, of ______, in the Province of Ontario, SOLEMNLY DECLARE that:
I am the ______ of ______ (the "Recipient").
I have given, or will give, to the Recipient the sum of ______ on or about ______.
This sum is a genuine and unconditional gift. No part of it is to be repaid, and it does not constitute a loan in any form.
This gift is to assist with the purchase of the property at , and I have no interest in, and am not a party to any mortgage on, that property.
Purpose of the gift (if specified):
I make this solemn declaration conscientiously believing it to be true and knowing that it is of the same force and effect as if made under oath.
Signed and sworn (or affirmed/declared) before me by videoconference in Ottawa, Ontario, while the Affiant(s)/Declarant(s) were located in ______________________, on ______________________, pursuant to O. Reg. 431/20, and Electronic Commerce Act, 2000.
______________________________ | ______________________________ |
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Overview
About this document
- 01
What is a gift of funds declaration?
A gift of funds declaration, or mortgage gift letter, is a sworn statement by the person giving the money (the donor) confirming that the funds are a true gift and that no repayment, interest, or stake in the property is expected in return.
Lenders ask for it so they can be sure the down payment is not a hidden loan that would affect your ability to carry the mortgage. The donor usually swears it before a notary public or commissioner for taking affidavits.
- 02
When you need a gift letter
A sworn gift of funds declaration is commonly requested in financing and immigration contexts.
- A family member is gifting part or all of a home down payment.
- Your mortgage lender or broker requires written, signed proof the funds are a gift.
- You must show the source of funds for an account opening or large deposit.
- An immigration application requires proof that settlement funds were gifted.
- 03
What a gift of funds declaration should state
A complete gift letter names the donor and the recipient and their relationship, the exact gift amount, the date the funds were or will be transferred, and a clear statement that the money is a gift with no obligation to repay it.
Many lenders also want confirmation that the donor is an immediate family member; check your lender’s exact wording, because some require their own gift letter form in addition to a sworn declaration.
- 04
How to notarize a gift of funds declaration in Ontario
Once you have filled in your gift of funds declaration and downloaded the PDF, do not sign it yet. An affidavit or statutory declaration must be signed in the presence of a notary public or a commissioner for taking affidavits, who administers your oath or solemn affirmation before you sign.
Minute Notary commissions your gift of funds declaration either online by secure video, under Ontario's remote commissioning rules (O. Reg. 431/20), or in person in Ottawa. Bring valid government-issued photo identification so we can confirm who you are before we apply the notary seal.
Good to know
Before you fill it in.
Short notes from our notary on this template. Worth a minute before you start.
- 01
Reviewed for use in Ontario by a notary public and commissioner for taking affidavits.
- 02
Fill it in online for free and download a ready-to-sign PDF — no account required.
- 03
Sign in front of the notary, who administers your oath or affirmation and applies the seal.
- 04
Notarize online by video across Ontario, or in person in Ottawa.
Frequently asked
Questions about the Statutory Declaration of Gift of Funds
- Why does my mortgage lender need a gift letter?
- Lenders require it to confirm a down payment gift is not a loan. A repayable loan would add a debt that affects how much mortgage you can carry, so they want sworn proof the money is a true gift.
- Who signs the gift of funds declaration — the donor or the recipient?
- The donor, the person giving the money, usually swears it. They are the one confirming the funds are a gift with no expectation of repayment.
- Can I notarize a gift letter online in Ontario?
- Yes. The donor can swear the declaration online by video under Ontario’s remote commissioning rules, or in person in Ottawa with Minute Notary.
- Does the gift have to come from a family member?
- Many lenders only accept gifts from immediate family. This declaration records the relationship; confirm your lender’s specific rules, as some have their own gift letter form.
- Is a gifted down payment taxable?
- Gifts can have tax considerations depending on what is given. This declaration confirms the gift itself; speak to a tax advisor about your specific situation.
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Fill it out - 03Statutory Declaration of Common-Law Partnership
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Fill it out - 04Statutory Declaration of Gift of Money or Property
A sworn declaration that you have given money or property as an outright gift, with no expectation of repayment — useful to confirm a genuine gift. Fill it in online, download a ready-to-sign PDF, and notarize in Ontario.
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