Urgent- experts plz help : POF in a canadian bank

[tanit]

Hello guys

I opened a bank account in canada from my country in BNC and they offer me 3 months availabillity till I land
Am going to Transfer some funds there from a sibling (Citizen) in canada.
my docs would be :

- email of confirmation and account documents from canadian Bank
- gift deed from sibling specifying the money transfert and transfert documents
- LOE explaining that part of the money is in my home country and part in a canadian bank

do you think eAPR could be refused if they see that the account is only available for 3 months ?

PS1: I prefer having that money in canada rather than having it in my home country and plz don't ask why !!!
PS2: fyi in case I don't land and contact the bank in 3 months , the money should be transferred back to it's owner - bank policy

and last question : Could POF be a reason of rejection, or it's more likely a ADR or PFL ????

 

[mgnlky]

As long as you can show the money you've transferred to the Canadian bank is not a loan (or was not a loan deposited into the foreign bank & then transferred to the Canadian account), and include the gift deed, you should be fine.

 

[tanit]

As long as you can show the money you've transferred to the Canadian bank is not a loan (or was not a loan deposited into the foreign bank & then transferred to the Canadian account), and include the gift deed, you should be fine.

thanks for the fast reply
what about the 3 months deadline ? Can CIC check with the Bank ? suppose my assessment starts after 3 months of submission , there will be no money in the recently opened account.

sry mate but am totally confused and time is running out ( 10 days left )

 

[ContactFront]

You need to show account balance for 6 months. It's clearly stated on IRCC website.
If you only had your Canadian account for 3 months, you need to make that up with the bank account in your home country

 

[tanit]

You need to show account balance for 6 months. It's clearly stated on IRCC website.
If you only had your Canadian account for 3 months, you need to make that up with the bank account in your home country

don't think the 6 months Rule is for that purpose,
for CIC the most important things are :
1- provenance of funds : where does it come from !
2- disponibility : Unencumbred funds !?
anyhow

ContactFront , am going to show 6 months account balance of my home country that has 70% of the amount needed
, but the new account is created for the purpose of having money in Canada from a sibling, and to use it immediatly in renting an appartment as soon as I get there

 

[mgnlky]

You need to show account balance for 6 months. It's clearly stated on IRCC website.
If you only had your Canadian account for 3 months, you need to make that up with the bank account in your home country

The 6 month rule is put into place so they can make sure the loans are not borrowed for the purpose of immigration. If you can show reason as to how a new account has that much money deposited, you should be okay. [Example: I cashed out an investment account for immigration & deposited it into a Canadian bank. This was done in October and I applied for PR in November. I included the documentation showing where the funds originated from & the bank statement from the Canadian bank that showed it was deposited. CIC had no issue.]