Hi all,
I have just received my ITA and looking forward to apply now. My question is around funds requirements. I have a family with 1 kid, so requirement is around $19000.
I do have the entire funds amount within mutual funds, easily redeemable. They have been invested through fundsindia portal. I have a quick question about how should i show my funds:
1. Option 1:
I show the entire amount in mutual funds. In this case, does anyone have any idea on how to generate these statements which are acceptable.
I can add atleast $12000 on top with statements for my wife and my bank account
2. Option 2:
To make it simple, I can get a gift from my parents for around $10000 CAD. Added with $12000 from mine and my wife's account, I can showcase the statements
I have heard something like a Gift transfer is possible and people have been accepted
3. Option 3:
I liquidate my mutual funds for $10000 and then show the entire amount in my bank account. In this case, not sure what sort of proof should i be showcasing to show sudden inflow in my bank account
Looking for some advice.
I have just received my ITA and looking forward to apply now. My question is around funds requirements. I have a family with 1 kid, so requirement is around $19000.
I do have the entire funds amount within mutual funds, easily redeemable. They have been invested through fundsindia portal. I have a quick question about how should i show my funds:
1. Option 1:
I show the entire amount in mutual funds. In this case, does anyone have any idea on how to generate these statements which are acceptable.
I can add atleast $12000 on top with statements for my wife and my bank account
2. Option 2:
To make it simple, I can get a gift from my parents for around $10000 CAD. Added with $12000 from mine and my wife's account, I can showcase the statements
I have heard something like a Gift transfer is possible and people have been accepted
3. Option 3:
I liquidate my mutual funds for $10000 and then show the entire amount in my bank account. In this case, not sure what sort of proof should i be showcasing to show sudden inflow in my bank account
Looking for some advice.