Declaration from your dad that the money is a gift and not a loan + proof of transfer.malikirfan said:
Proof of Funds (Express Entry)
- Thread starter ThisIsHoof
- Start date
Thanks DelPiero07. That's a sigh of relief. What can be provided as proof of transfer and do I need to provide my average balance statement or bank statement in this case?DelPiero07 said:
I provided the bank letter following IRCC's requirements (which included av. balance for the past 6 months) + my most recent bank statement to show that amount deposited as gift + the bank cheque that my father gave me.malikirfan said:
Thanks mate! +1 for you. One final question, my father submitted the cheque himself to my account while I was away. I do not have the copy! ???DelPiero07 said:
Provide his bank statement so there is a clear link between the amount leaving his account and entering yours.malikirfan said:
Guys, I've got some simmilar problem going on here.
I have about 30k CAD$ equivalent in cash (in my actual currency). I have deposited about half that in my saving account about a month ago, and now that I have received my ITA, I must deposit the rest, so I can cover the 23k CAD$ to immigrate with a 4 people family.
I do have that cash money declared in my income tax for the last 3 years, so that is clearly my money. What I intend to do is:
1- Attach those 3 years income tax receipts showing proof the money is mine
2- Attach the savings account bank records (even if it less than 6 months)
3- Write a LOE explaining the whole situation
Should I also attach chequing account records? It has barely 1k CAD$ equivalent in it.
Will that be enough, or should I look for professional assistance?
I have about 30k CAD$ equivalent in cash (in my actual currency). I have deposited about half that in my saving account about a month ago, and now that I have received my ITA, I must deposit the rest, so I can cover the 23k CAD$ to immigrate with a 4 people family.
I do have that cash money declared in my income tax for the last 3 years, so that is clearly my money. What I intend to do is:
1- Attach those 3 years income tax receipts showing proof the money is mine
2- Attach the savings account bank records (even if it less than 6 months)
3- Write a LOE explaining the whole situation
Should I also attach chequing account records? It has barely 1k CAD$ equivalent in it.
Will that be enough, or should I look for professional assistance?
Guys, I transferred amount from my wife's account to my account last week. Amount is almost 50% of POFs. Which all documents I need to include? I am planning a letter from her on plain paper or stamp paper saying she is contributing that amount for Canada PR. She has added same comments while transferring & will be visible in statement that I'm planning to include. What else needs to be done? Notary of that letter or her bank statement Required?
Guys i have twp questions,first are timed deposits and certificate of deposit accepted as pof??
Second are post office savings accepted because i have my wifes account bank statement and letter stating total balance,account number and account holder name but opening date and contact info for the post office is not mentioned
Second are post office savings accepted because i have my wifes account bank statement and letter stating total balance,account number and account holder name but opening date and contact info for the post office is not mentioned
Hey DelPieroDelPiero07 said:
Regarding POF, i had 17500 CAD in my account till December 2016 then i transferred 1000 CAD that month to make it 18500 CAD (for a family of 3). Is this 1000 CAD considered big amount and do i need to mention about that in my LOE? I transferred it from mine own account abroad.
Thanking you
Hey guys! I submitted my PR application yesterday under EE FSW stream. After submission, I was going through the documents I uploaded and I realised that I had forgotten to attach the Gift deed affidavit that I had received from my parents for providing me some funds for the PR! I have provided bank letters along with 6 months bank statements, but as i didnt include the gift deed affidavit, the POF might look strange as I dont have the required monthly average balance for the last 6 months.
How do I get my affidavit added to my application? :'(
How do I get my affidavit added to my application? :'(
Hi there,prabag said:
I declared my loan. On top of that I made an independent valuation of my real estate by three different appraisal companies and included the average amount of the valuation into my assets.
So I put in assets: savings in banks, cash on salary card, and real estate. I put in liabilities- the loan. I then derived my net worth (assets - liabilities). The amount of net worth without the real estate would have been not enough to comply with the minimum requirement for POF. But I explained in the LOE that I intend to sell the house after I get the ITA and close the loan.
All worked out, my application approved. Good luck!
Have similar to Indi88 question, which amount can be defined as considerable? :
Lets say I had sufficient amount of money on my bank account for several years, then exactly 6 months ago I withdrew some and spent, leaving only less than half. But I have replenished the account to the sufficient level. Lets say I stored more than 10 CAD in 3-4 inputs during last 6 months. Will that be considered as big amount? Will I need to submit anything to clarify?
Lets say I had sufficient amount of money on my bank account for several years, then exactly 6 months ago I withdrew some and spent, leaving only less than half. But I have replenished the account to the sufficient level. Lets say I stored more than 10 CAD in 3-4 inputs during last 6 months. Will that be considered as big amount? Will I need to submit anything to clarify?