Need help for proof of funds documentation..
Hello All,
I am planning to enter the express entry in May 1st week and I am hoping that my profile will be picked as I got 461 points. I am confident about my documentation except for proof of funds issue. I need help on how to show proof of funds in my scenario. Any kind of input is highly appreciated.
I would like to mention my scenario and possible options I am choosing. Please let me know if I am going in a right way.
I am a salaried employee in USA from 4 years and do not have enough funds required ( 15000 CAD) in my checking accounts. Recently in April I piled up my salary and bonus amounts to 6500 USD.
I sent money to my mother in India every month since past 20 months and she saved the money in the form of cash after withdrawing from her account. She is willing to give them back to me which is around 7000 USD. She will do a wire transfer from her account. Now, my question is
1. As it is lengthy to show 20 months transactions from my account to her account, is it good to get the money in the form of gift deed. My parents can get a net worth certificate too. do I need to submit bank statements of my parents in addition to net worth certificate?
2. Is it better to say that she is returning my money. If so, do I need to submit 20 months transactions which I did through Xoom and any additional affidavits needed?
3. I have 2 checking accounts. I recently changed my direct deposit account 2 months back from another account, hence 6500$ piled up in recent direct deposit account rather than the usual account. Is that fine if money from India comes to this account. will VO officer doubt if salary is not deposited in the recent account before April?
Please advise me on this.
Thanks a lot for your time and effort.
Hello All,
I am planning to enter the express entry in May 1st week and I am hoping that my profile will be picked as I got 461 points. I am confident about my documentation except for proof of funds issue. I need help on how to show proof of funds in my scenario. Any kind of input is highly appreciated.
I would like to mention my scenario and possible options I am choosing. Please let me know if I am going in a right way.
I am a salaried employee in USA from 4 years and do not have enough funds required ( 15000 CAD) in my checking accounts. Recently in April I piled up my salary and bonus amounts to 6500 USD.
I sent money to my mother in India every month since past 20 months and she saved the money in the form of cash after withdrawing from her account. She is willing to give them back to me which is around 7000 USD. She will do a wire transfer from her account. Now, my question is
1. As it is lengthy to show 20 months transactions from my account to her account, is it good to get the money in the form of gift deed. My parents can get a net worth certificate too. do I need to submit bank statements of my parents in addition to net worth certificate?
2. Is it better to say that she is returning my money. If so, do I need to submit 20 months transactions which I did through Xoom and any additional affidavits needed?
3. I have 2 checking accounts. I recently changed my direct deposit account 2 months back from another account, hence 6500$ piled up in recent direct deposit account rather than the usual account. Is that fine if money from India comes to this account. will VO officer doubt if salary is not deposited in the recent account before April?
Please advise me on this.
Thanks a lot for your time and effort.