Fund requirement for Express Entry

[hungryboy]

Hi friends,

I have received the ITA today but my query is I will borrow money from my relative to show it in my bank account during the time of submission. The worrying part is if i show 6 month bank statement, it might reflect my balance trending from 200 CAD to 12k CAD. Can you please guide me how to go about this? Can i simply show bank certificate stating 'as of xyz date i have this much of sum in my a/c'? Please guide as my score is 475 and i satisfy all other criterias strongly

 

[DelPiero07]

1 - You cannot borrow money to meet the required funds.
2 - If they are willing to gift you the money then do your research on gift deeds.
3 - The bank certificate you want to provide does not follow IRCC's guidelines nor would it be sufficient.

 

[hungryboy]

1 - You cannot borrow money to meet the required funds.
2 - If they are willing to gift you the money then do your research on gift deeds.
3 - The bank certificate you want to provide does not follow IRCC's guidelines nor would it be sufficient.

Thank you but I read somewhere gift deed is not needed if money is borrowed from parent. how true is it? Also suggest if its advisable to decline ITA to make 6 month period and reenter pool after 6 months?

 

[DelPiero07]

Thank you but I read somewhere gift deed is not needed if money is borrowed from parent. how true is it? Also suggest if its advisable to decline ITA to make 6 month period and reenter pool after 6 months?

You cannot borrow money from anyone, period.

As long as you get a gift deed you can proceed with your ITA.