+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Depositing Settlement Fund after Receiving ITA

thementor

Star Member
Jan 30, 2020
80
2
Dear Fellow Members,

I need your advice on an urgent matter regarding settlement fund. The issue is below:

I had a Term Deposit of $15K at Bank A from March 1, 2020 to July 15, 2020. Then cashed it out entirely and kept it with me without depositing anywhere. Again, on September 15, 2020 I made another Term Deposit for $20K at Bank B.

Meanwhile, I received ITA in September 2, 2020. Hence, the recent term deposit was made after I received the ITA.

Would the fact that I disclosed that I had sufficient funds to meet the minimum threshold on the EE application before receiving the ITA count as misrepresentation?

Also, I am receiving majority of the settlement fund amount from my father, do I need to provide an Affidavit in addition to a Gift Deed?

Thank you very much