Cash deposits for Proof of funds.

[tushar12333]

What are the best ways to justify cash deposits?

 

[cansha]

What are the best ways to justify cash deposits?

Depends on the source of cash deposit. Is it sale of property? Is it a gift? You can’t expect help without giving full picture first.

 

[sid1987]

What are the best ways to justify cash deposits?

in single line.. if the cash deposit is big amount and its done recentlty.. u better be prepared with LOE

 

[tushar12333]

in single line.. if the cash deposit is big amount and its done recentlty.. u better be prepared with LOE

Got it.

 

[Durial321]

If my 6 months average balance is about $1,500 CAD, and I sell my car for 8K Cad and my father gifts me 10K (no strings attached) is a LOE enough? Or would it look bad?

Also, can somebody else gift me the money (not family) with a signed LOE or something?

Thanks!

 

[eedwards92]

If my 6 months average balance is about $1,500 CAD, and I sell my car for 8K Cad and my father gifts me 10K (no strings attached) is a LOE enough? Or would it look bad?

Also, can somebody else gift me the money (not family) with a signed LOE or something?

Thanks!

You will need gift deed and affidavit from your father... and reciept for call sale

 

[Durial321]

Is it ok if he is my step father?

 

[eedwards92]

Is it ok if he is my step father?

yes, that is fine

 

[Durial321]

yes, that is fine

Great. Thank you for your time!

 

[Syed Faizan Ali]

I actually stated in the online application that I will be carrying $20k by the time I arrive in Canada.

So if ITA comes and even by the deadline to send documents I do not have that amount in my account, what should I do in that case?

Is there any way to prove borrowed amount for the sake of POF in my account legally?
Pool draws is expected soon and I am hopeful that I will get an ITA as per the current pool results trend. Do not know if I should be happy or sad. Or should I withdraw?