Not enough to show settlement funds, time running out

[asukumari]

I have received ITA and have 50 more days to submit my PR application. I have everything ready but I am short of showing the full settlement fund for an individual. I can arrange for the amount to reach the required threshold within this 50 days. How do I manage this since getting a lump sum may raise red flags.

 

[DelPiero07]

Gift deed.

 

[asukumari]

@DelPiero07 Thank you. That means for example if a parent is sponsoring me.

I am US based applicant, and my friend who is in Canada wishes to sponsor me. So my question is
1. Is it advisable for a friend to sponsor me using gift deed for a lump sum?
2. I have 50 more days until to submit my PR application, will this transfer of lump sum event with a gift deed have any chances of raising red flags or account to rejection?

Please advise.

 

[DelPiero07]

The amount would have to be in your bank account. Just execute the gift deed and provide supporting documentation.

You need not show the equivalent amount in CAD - just make sure you do meet the required funds.

 

[asukumari]

The amount would have to be in your bank account. Just execute the gift deed and provide supporting documentation.

You need not show the equivalent amount in CAD - just make sure you do meet the required funds.

I am sorry @DelPiero07 ... My circumstance changed and it is possible for a friend of mine to transfer me lump sum to show settlement funds in CAD. Please see my updated question.


@DelPiero07 Thank you. That means for example if a parent is sponsoring me.

I am US based applicant, and my friend who is in Canada wishes to sponsor me. So my question is
1. Is it advisable for a friend to sponsor me using gift deed for a lump sum?
2. I have 50 more days until to submit my PR application, will this transfer of lump sum event with a gift deed have any chances of raising red flags or account to rejection?

 

[DelPiero07]

Unfortunately I don't see those circumstances often enough to comment.