I've read many threads about proof of funds, but I still need some advice on the POF documents. I would really appreciate it if you can share your advice or opinion.
Background:
- My mother gave me some money (converted to about 20000 CAD) back in February from Bank A to Bank B(my account, there was nearly no balance on that card by that time cos I am using another card from Bank C for daily cost)
- I converted this same amount of money to fixed deposit and froze it in Mid May, and I haven’t touched this money since then
- The submission deadline for my ITA is in Nov
Questions:
> According to previous threads regarding gift deeds, I need to clarify any drastic change in my account, but this major change happened about 8 months ago, do I still need to clarify the source of this money?
- If the gift deed letter doesn’t seem necessary:
I am worried about that CIC may reckon this proof of fund suspicious, because I’ve only worked for two years, and it’s kinda of obvious that I can’t save that amount of money on my own.
- If it’s safer to add a gift deed letter:
If I get a self-signed declaration from my mom about ‘gifting’ me this money, do I need to notarize this letter by any organization? Or simply signed by my mom is sufficient?
Which approach is safer? Be more transparent by explaining where this money is from or better just follow the CIC instruction of 6 month balance statement?
Thank you!
Background:
- My mother gave me some money (converted to about 20000 CAD) back in February from Bank A to Bank B(my account, there was nearly no balance on that card by that time cos I am using another card from Bank C for daily cost)
- I converted this same amount of money to fixed deposit and froze it in Mid May, and I haven’t touched this money since then
- The submission deadline for my ITA is in Nov
Questions:
> According to previous threads regarding gift deeds, I need to clarify any drastic change in my account, but this major change happened about 8 months ago, do I still need to clarify the source of this money?
- If the gift deed letter doesn’t seem necessary:
I am worried about that CIC may reckon this proof of fund suspicious, because I’ve only worked for two years, and it’s kinda of obvious that I can’t save that amount of money on my own.
- If it’s safer to add a gift deed letter:
If I get a self-signed declaration from my mom about ‘gifting’ me this money, do I need to notarize this letter by any organization? Or simply signed by my mom is sufficient?
Which approach is safer? Be more transparent by explaining where this money is from or better just follow the CIC instruction of 6 month balance statement?
Thank you!
