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asukumari

Full Member
Aug 6, 2018
46
6
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 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.
 
Last edited:
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.
 
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?
 
Unfortunately I don't see those circumstances often enough to comment.