@legalfalcon Appreciate your expertise on the below, please. Sorry that the question is lengthy.
My profile: FSW-O (AOR - Dec 2020); Eligibility is passed (1-Feb-2021); Security and Criminality have not been started yet.
My VO is Ottawa, hence I am prepping myself for the long wait. My question is regarding utilizing my idle proof of funds.
Depositing the funds in an FD is not an option for me due to personal reasons. A friend of mine is looking for an investor, and is willing to pay a lucrative amount in return each month. He is willing to sign a written agreement, and also agreed to return the money on my request.
Can I go ahead and utilize the opportunity without jeopardizing my PR application, please?
I was told IRCC calls the bank 2/3 days prior to finalizing the application to verify if the POF balance is still in tact. And the application would be rejected if more than 30% of POF is withdrawn. Is this true?
Also, in case an ADR is issued for POF, will IRCC accept my explanation? (provided I redeem the money and put it back in my savings, also I should be able to prove monthly income from my investment)
TIA.