Proof of fund for express entry

[ElStu]

Hi All,
I am planning to apply under express entry, Federal skilled workers. My concern is about the proof of funds. I currently live in Canada, but don't have 15000 in my account. My sister is planning to gift money and with a notarized gift deed. Would that be OK with a letter from the bank, even if my six-months poof of fund is not the amount they need?

Whoever has experience with the subject, please inform me.

 

[ElStu]

And does the gift deed needs to be notarized?

 

[Bacelor]

If you are authorized to work in Canada you don't need POF precisely under CEC or Work permit.

https://www.cic.gc.ca/english/helpcentre/answer.asp?qnum=1145&top=29

 

[ElStu]

If you are authorized to work in Canada you don't need POF precisely under CEC or Work permit.

https://www.cic.gc.ca/english/helpcentre/answer.asp?qnum=1145&top=29

No, I’m not. I’m a student

 

[Bacelor]

No, I’m not. I’m a student

Check below link you might become eligible for work permit

https://www.canada.ca/en/immigratio...vices/study-canada/work/after-graduation.html

 

[ElStu]

Check below link you might become eligible for work permit

https://www.canada.ca/en/immigratio...vices/study-canada/work/after-graduation.html

Yeah, I know. However, I am not planning on getting one. I would like to keep my study permit and continue my studies. I am planning to apply on Federal Skilled Workers, that' why I'm asking about the proof of funds.

 

[ElStu]

Any help anyone?

 

[rower]

Any help anyone?

Yes it is fine. And even if you receive the money after ITA, that is also fine. If you want to get it notarized, it is up to you but many have done it without notary.

See the gift deed format here: https://www.canadavisa.com/canada-i...format-of-gift-deed-affidavit-and-loe.487054/

 

[Bacelor]

Any help anyone?

Tty to find your answer on YouTube

Search gift of deed Express entry

GL

 

[ElStu]

Yes it is fine. And even if you receive the money after ITA, that is also fine. If you want to get it notarized, it is up to you but many have done it without notary.

See the gift deed format here: https://www.canadavisa.com/canada-i...format-of-gift-deed-affidavit-and-loe.487054/

Thanks for the help!

 

[ElStu]

Tty to find your answer on YouTube

Search gift of deed Express entry

GL

thank you, too!

 

[ElStu]

Yes it is fine. And even if you receive the money after ITA, that is also fine. If you want to get it notarized, it is up to you but many have done it without notary.

See the gift deed format here: https://www.canadavisa.com/canada-i...format-of-gift-deed-affidavit-and-loe.487054/

Do I need a letter from the bank with the average of six months with the gift deed (letter)?

 

[rower]

Do I need a letter from the bank with the average of six months with the gift deed (letter)?

Yes, for express entry a bank letter is a requirement. You're additionally attaching the gift deed just to prove that the money didn't fall into your account from the sky because bank letter won't explain the source of funds. It only certifies the total funds and the average balance.

 

[ElStu]

Yes, for express entry a bank letter is a requirement. You're additionally attaching the gift deed just to prove that the money didn't fall into your account from the sky because bank letter won't explain the source of funds. It only certifies the total funds and the average balance.

Thank you for the reply!