iamsbee said:
Hello everyone, let me first say that it was very encouraging reading the individual success stories. I recently got ITA and now going through the process but have the following questions. Hopefully someone can provide some clarification:
1) Did anyone include loans (say mortgage) and credit cards in the proof of funds uploaded to CIC? I am wondering if these are actually required as I have seen many saying that they didn't provide
2) Did anyone use their pension entitlement (after being vested) as Proof of Funds?
3) Did anyone go the route of a gift deed? If so, can you outline the process?
Thanks in advance
1) Mortgage and auto loan statement is not required as those are generally secured with some collateral which is usually the item itself. I did include one of my 2 credit cards but only as I had it from the same Bank doing my POF letter. I've read it is not mandatory to include credit card info just make sure if you include it you can show that your POF exceeds the outstanding balance + the amount required by IRCC.
2) Your pension contribution is yours, vested or not, so it can be used. You just need to clearly show what the amount is and include a LOE stating that your contribution is payable to you on resignation from your job. I made reference to my contribution in my application as I was including copies of my payslip which showed I had a staff loan. The pension amount exceeded the loan balance.
3) I used a gift deed not for my e-APR but last year when I applied for OINP. They accepted it. It basically just needs to outline where the money is coming from, show the relationship between the donor and the donee (I used birth certificates), to show that the donor is not affected by offering this gift (I used a job letter which stated the salary package), show how you received the gift (I used bank statement which displayed the transfer). Gift deed was signed by both donor and donee with each of us having a witness. I didn't get it notarised and was asked no questions about it.
There is a lot of useful information on this site once you can figure out the key words to search for. I used this thread and Google to make my gift deed template canadavisa.com/canada-immigration-discussion-board/a-complete-way-to-nail-source-of-fund-dilemma-t349224.0.html.
Make sure to include the www when you paste link.
