Proof of Funds: Format of Gift Deed, Affidavit and LOE

[hsinxh]

GIFT DEED

I, Your Father Name, S/o Your Grandfather Name , R/o ADDRESS, do hereby on dated 00/10/2016 make a gift-deed for a gift made on dated of 00/10/2016, Rs. 000000/-

(Rupees Only) out of love and affection to my Son (Your Name), S/o Father Name, ADDRESS. I confirm that I am a resident of India. I, further confirm that this gift is

being made out of my own funds standing to the credit of my A/c No.- 000000000 in ABC Bank, Bank Address. I, further confirm that the consideration for this gift is

the love and affection for my Son (Your Name) and no other consideration.
I further confirm that the gift has been made by Cheque No. 000000 dated 00/10/2016 drawn on ABC Bank, BANK ADDRESS. This gift is irrevocable and I have no claim left

whatsoever on the said gifted amount and he is free to utilise it in any manner.

PLACE:

DATED:
(Your Father Name)


Witness:
The gift as stated above is accepted




(Your Name)

AFFIDAVIT

I, Your Father Name S/o Your Grandfather Name R/o ADDRESS, do hereby state as under:
That I have gifted a sum INR Rs. 000000 (Rupees Only) through Cheque No. 00000 dated 00-10-2016 drawn on ABC Bank, BANK ADDRESS to my son Your Name R/o ADDRESS.
That I am an Income Tax assessee having PAN No. XXXXXXXX and this gift is being made from my own past savings.
That this gift is irrevocable and I have no claim left whatsoever on the said gifted amount and he is free to utilize it in any manner.

(DEPONENT)

VERIFICATION
I, Your Father Name S/o Your Grandfather Name do hereby verify and confirm that contents of above deposition are true and correct and nothing material has been

concealed therefrom.

(DEPONENT)
PLACE: -
DATE: -


LETTER OF EXPLANATION

To,

Citizenship and Immigration Canada

Subject: Funds Proof- Source of Funds

Application No. 0000000000

Dear Sir/Madam,

This is with regards the source of funds in my account. Please be informed that I hold savings account in following Indian Bank:

Bank Name Branch Account Number IFSC Code MICR Code
XYZ Bank bank address 00000000000000 000000000000 00000000

I received INR 00000 (Lac Only) as a result of my Father’s volition and a mark of his natural love and affection towards me. This deed is reflecting in transaction

dated 00/10/2016 via Cheque No. 00000 dated 000/10/2016 in my XYZ Bank account statement enclosed with this letter. I have also enclosed a Gift Deed letter, an

affidavit and a scanned copy of Cheque No. 00000 (drawn on ABC Bank, Account No. 0000000) signed by my father for your reference. If you have any further

clarifications, please call me on: +91-000000000 or email me at: 000000@00000



Thanks and Regards,

 

[can_indian]

Very helpful, Thanks.

I am going to get funds from my parent too. Update if you come across any problem regarding POF, so that people like us can learn about it and try to overcome.

+1 for the information.

 

[pino1130]

Dear all,
i got the ITA last week and now figuring out the POF. I'm currently having no bank saving account which is 6 months old. I only have bank statement which states my monthly salary whose balance is not enough.

• For the minimum required amount for 1 family member ($12,300), I intended to ask my father give $12,300 as a gift to me, then I will prove it as gift deed. Or the 2nd option, I will ask my father transfer the ownership of the house to me, then I'll liquidate house and deposit the money into my account. For the 2 options, I'm just afraid of the "6 months old" concern.

• The last option is to ask my father transfer the ownership of his bank savings to me which is already more than 6 months, but the amount of money is much more than $12,300.

Senior member please help to advice!!! Thank you.

 

[ramansingh05]

Whts the diff between.. Gift deed and affidavit..?

 

[ramansingh05]

Whts the diff between.. Gift deed and affidavit..?..

 

[nokia3315]

I know its dirt cheap to get the gift deeds, affidavit etc in India.
But is affidavit really necessary as its telling the same thing as mentioned in gift deed?

 

[hemaka]

Hey folks! a quick question about when to get a gift deed. i received a gift from my parents but this was after I received my ITA. Would the fact that i disclosed I have sufficient funds to meet the minimum threshold on the EE application before receiving the ITA count as misrepresentation? Anyone who has got a gift deed done after receiving an ITA??

 

[dr feras]

Nokia 3315, no one seems to be sure about that. I already made the gift deed and acceptance by me on the same letter, with both signatures, and i will get a lawyer to just stamp it for me. I will also attach a copy of the relative's ID. I dont think they need more than that.

 

[degm]

Nokia 3315, no one seems to be sure about that. I already made the gift deed and acceptance by me on the same letter, with both signatures, and i will get a lawyer to just stamp it for me. I will also attach a copy of the relative's ID. I dont think they need more than that.

Hi! You also included the bank letter right? Along with bank statements?

 

[dr feras]

Hi! You also included the bank letter right? Along with bank statements?

No, my bank refused issuing any letters whatsoever. I put 6 months statements instead. Also, when i read the requirements cic wants in the letter, they clearly state that it should include any outstanding loans/credit cards debts. So even though many members here say you dont need to include that, but since i was already in a weak position by not having a bank letter, i wrote them a LOE and in it i disclosed my old credit card debt and included statements from my online banking showing payments and remaining balance to be paid. I figured best way is just to be honest and show them what they want to see. In my case even if they deduct the remaning balance from the amount i have in my account, i will still have enough above the minimum required funds.
Conclusion is, every case is different. You should just make sure to show them there is nothing fishy and that you are honest.

 

[CanadaI'mcoming]

Very helpful, Thanks.

I am going to get funds from my parent too. Update if you come across any problem regarding POF, so that people like us can learn about it and try to overcome.

+1 for the information.

Could you tell me when to get the gift deed money transferred to my account? Is is before the creation of express entry profile or after ITA?

 

[PritomIslam]

Very helpful, Thanks.

I am going to get funds from my parent too. Update if you come across any problem regarding POF, so that people like us can learn about it and try to overcome.

+1 for the information.

hello, did you show the whole amount as a gift from your parents?

 

[rekhabishop]

My parents are going to transfer nearly half the ammount needed for my immigration. Since I am likely to get ITA in the upcoming draw, and my parents just transferred the money to me, would it be a problem?

Also, what is a gift deed and an affadavit? How are they different and how to get it in india?

 

[IshuIndi]

hey!!!
can anyone help me, i am applying through ONIP & need to show POF for registering. now, i took cash from my parents & want to put it as an FD in my bank & show as a POF,
kindly guide me will there be a problem as i cannot provide a cheque no. etc.

 

[Desertrat]

Good Day Everyone

I have pretty much looked everywhere for an answer but all post seem to differ slightly from my situation.

My wife is the principal applicant for EE. Our CRS is 455, which is looking good to get a ITA. We have already done everything needed except for the thorn in our side, the POF. Now we do not have the amount required as yet. Is it possible to apply and save up the required amount? Which we can do in about 4 months. So we would have the required amount in our account by the time that we land or a month or so before. Is this possible, or would we have to save up the amount, hold it for 6 months then apply?

We also do not have any other personal finances to use to make up this money.

However, as a last resort I can also ask my father to gift me this amount, and then do the gift deed. As I understand if this is done, the I do not need to show this amount in my account for 6 months?