Bank balance for 6 months

[aphermix]

I want to confirm this since I could not find a definitive answer in the forum. I have received this month salary and currently has more balance than income threshold (CAD12,164 in my case) in my bank. But in past months I did not touch this limit as I was aggregating money from salary. I have not borrowed any money.

Since CIC asks for 6 months statements, should I be maintaining the cut off balance (12,164) for whole 6 month duration in my bank? Or is it sufficient that I have 12,164 at time of bank letter along with bank statements for past 6 months to show I received this from salary only ?

Another way to phrase my question: Is CIC asking for 6 month balance to check you did not borrow money 'or' you have maintained above threshold balance for past 6 months ?

 

[can_indian]

Re: Bank balance

No, it is not required for you to have fund for 6 months.

If you have money in your bank for more than 6 months, they may take your word for it (that it is yours to use it).

If you don't have it in your bank account for more than 6 months, they will be interested in knowing how you have acquired it. It could be anything legal.
After getting ITA,
Some people get it from their parents as gift,
Some people sell properties, gold, car, bike.
Showing you have earned it from your job works too.

 

[aphermix]

No, it is not required for you to have fund for 6 months.

If you have money in your bank for more than 6 months, they may take your word for it (that it is yours to use it).

But since you didn't have it in your bank account for more than 6 months, they will be interested in knowing how you have acquired it. It could be anything legal.
After getting ITA,
Some people get it from their parents as gift,
Some people sell properties, gold, car, bike.
Showing you have earned it from your job works too.

Thank you for your quick reply. I hope I can now ask for a bank statement and present it.