Does Proof of Funds received as a gift about 6 months back needs gift deed proof ?

[thog89]

Hi,
I am from India and I have been planning to apply for express entry from an year ago and I started the process only now. Currently I am waiting for my ECA.

When I discussed my immigration plans with my father, especially the proof of funds requirements. He transferred about CAD 13000 into my savings account (six months back). I am a single guy and that amount will cover the POF requirements. I am also depositing small amounts into that account monthly. If everything goes well, I may get ITA in a few months.

I have read in different threads that you need to give a statement of 6 months to prove your POF or Gift deed proof if you have a sudden increase in your account balance.

I have been working for only 3 years now as a Software Engineer, with an average salary. It will be evident from my salary and my own deposits into the account, that I haven't saved up that much.

By the time I get ITA, it may be an year after my father deposited the money.

Will a statement of six months be enough for me or do I need to show the Gift deed proof ?

 

[div velu]

Better to show the gift deed just to be on the safer side. I did the same thing

 

[mr.preetsingh]

Hi,
I am from India and I have been planning to apply for express entry from an year ago and I started the process only now. Currently I am waiting for my ECA.

When I discussed my immigration plans with my father, especially the proof of funds requirements. He transferred about CAD 13000 into my savings account (six months back). I am a single guy and that amount will cover the POF requirements. I am also depositing small amounts into that account monthly. If everything goes well, I may get ITA in a few months.

I have read in different threads that you need to give a statement of 6 months to prove your POF or Gift deed proof if you have a sudden increase in your account balance.

I have been working for only 3 years now as a Software Engineer, with an average salary. It will be evident from my salary and my own deposits into the account, that I haven't saved up that much.

By the time I get ITA, it may be an year after my father deposited the money.

Will a statement of six months be enough for me or do I need to show the Gift deed proof ?

Technically, when you will get an ITA, your account will have 6 Lacs as an average for over 1 year. So, no need to provide any gift deed document. 6 months banks statement and Bank certificate will be enough.

 

[santhkum90]

Hi,
I am from India and I have been planning to apply for express entry from an year ago and I started the process only now. Currently I am waiting for my ECA.

When I discussed my immigration plans with my father, especially the proof of funds requirements. He transferred about CAD 13000 into my savings account (six months back). I am a single guy and that amount will cover the POF requirements. I am also depositing small amounts into that account monthly. If everything goes well, I may get ITA in a few months.

I have read in different threads that you need to give a statement of 6 months to prove your POF or Gift deed proof if you have a sudden increase in your account balance.

I have been working for only 3 years now as a Software Engineer, with an average salary. It will be evident from my salary and my own deposits into the account, that I haven't saved up that much.

By the time I get ITA, it may be an year after my father deposited the money.

Will a statement of six months be enough for me or do I need to show the Gift deed proof ?

Anything before six months, would not come in to discussion. If it will be a year from the gift deed, when you get your ITA, you don't have to worry about it. Only if you are worried, you can get one. But it is entirely optional.