Hi guys,
Regarding Settlement funds for OINP, they say this in the Application guide
"Copies of your bank statements for the six months prior to your application submission date.
Supporting Documents Submitted
Bank statements should include your name or your spouse or common-law partner’s name, account number, transit/institution number, account balance and currency.
If you provide bank statements in your spouse or common-law partner’s name, you must include a letter from the financial institution and/or your spouse or common-law partner indicating that you have access to these funds.
If your bank statements do not demonstrate a personal account standing/final balance that meets or exceeds the Low Income Cost-Offs (LICO), you may include proof of fixed term deposits, stocks, mutual funds, investments, and/or pensions, along with a confirmation that these funds can be immediately liquidated and at what value, and that they are free of debt or financial liability."
So it means bank statements are must, and in case they can't show we have enough funds, we need to show them other sources of money (which I believe all of us have - like fixed deposits, gift deeds etc.,) aye?
Regarding the 6 month bank statements, these statements will give details of every transaction in our bank account in the past 6 months right? I can have all these details at my bank, the only thing is that it is not in English and my bank can't provide an English version. Unless I have someone translated them, and get them notarized. How is it with you guys?
Also, they only mention they need bank statements of the past 6 months, so we do not need to show the average balance of our other source of funds (like fixed deposits) in the last 6 months, only the verification of last balance as we submit aye?
Thank you a lot for your advice
Cheers