Proof of fund - suggestions required

[prateek117]

Hi,

I am about to create express entry profile. I want to take care of proof of fund at this stage itself. I need suggestions for my case.

1. Firstly, i dont have major funds in my account, just routine transaction of salary and payments, but no great balance as such.
2. But, recently my father sold land and he would be receiving that money via cheque with a sale deed in his bank account.
3. I am thinking to get some amount from my father via cheque for proof of fund, with the help of gift deed and affadavit.

My question here is that,
1. Am i thinking in correct way.

2. Also, after transferring the fund should i immediately convert that amount into fixed deposit?

3. At the time of ITA ,when i need to show funds, what all documents i need to show? Like my father bank statement, sale deed, my bank statement and gift deed,,etc.

4. If i convert money into fixed deposit,, than i have to show both fd slip and bank statement, or fd slip would be sufficient.

5. How old the funds should be when i have to show proof of fund? Both in case of FD and bank statement ?

6. I have a credit card. Why do people show last statement of credit card?

 

[farazafzal]

Hi,

I am about to create express entry profile. I want to take care of proof of fund at this stage itself. I need suggestions for my case.

1. Firstly, i dont have major funds in my account, just routine transaction of salary and payments, but no great balance as such.
2. But, recently my father sold land and he would be receiving that money via cheque with a sale deed in his bank account.
3. I am thinking to get some amount from my father via cheque for proof of fund, with the help of gift deed and affadavit.

My question here is that,
1. Am i thinking in correct way.

2. Also, after transferring the fund should i immediately convert that amount into fixed deposit?

3. At the time of ITA ,when i need to show funds, what all documents i need to show? Like my father bank statement, sale deed, my bank statement and gift deed,,etc.

4. If i convert money into fixed deposit,, than i have to show both fd slip and bank statement, or fd slip would be sufficient.

5. How old the funds should be when i have to show proof of fund? Both in case of FD and bank statement ?

6. I have a credit card. Why do people show last statement of credit card?

1. Yes your thinking is correct.
2. Why would you do that. Not mandatory!
3. Exactly as you have mentioned. In addition a letter from bank stating your accounts or any loans you may have.
4. ???
5. 3 months will be OK. Generally there is no rule as long as you can prove the valid source of heavy incoming fund (gift deed in your case)
6. Not necessarily people will show that if there funds are more than enough. Normally people would show CC statement, so as to show CIC that after the credit bill is paid you are still left with funds required to qualify.

G luck