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Proof of Funds (Express Entry)

prabag

Star Member
Feb 28, 2016
98
0
kulyoma said:
Hi there,
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!
Sir, Thank you for the reply.
I have a home loan of CAD100000 of 3 property.
Questions:
1. Should I do valuations of all properties?
2. I am planning to sell properties once received PPR, Should I need to declare this? If need to declare, on plain paper or affidavit?
Sir, urgently reply. I was about to submit the application.
 

cavemen

Star Member
Feb 22, 2016
116
2
Job Offer........
Pre-Assessed..
Hi
Forum

I will be attaching my spouse's bank statement who is accompanying me to canada, my query is what should be the duration of the statement ?. Also is his six months average statement required ?
 

tahminaml

Hero Member
Oct 19, 2015
315
11
Dhaka
Category........
FSW
Visa Office......
Singapore
NOC Code......
1223
App. Filed.......
28-03-2017
AOR Received.
28-03-2017
IELTS Request
Upfront 11.02.17
Med's Request
Upfront
Med's Done....
18-03-2017
Passport Req..
10-07-2017
VISA ISSUED...
19-09-2017
LANDED..........
03-03-2018
Bank letter taken on 15 March... I will be submitting my application tomorrow hopefully... Is tht a problem?
 

Wolverine17

VIP Member
Mar 28, 2016
3,135
351
Wolverine17 said:
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
Any help with my question,thanks
 

kryt0n

VIP Member
Sep 30, 2014
5,422
274
NOC Code......
2172
AOR Received.
16-03-2017
Passport Req..
11-07-2017
Wolverine17 said:
Any help with my question,thanks
We answered this in another thread

http://www.canadavisa.com/canada-immigration-discussion-board/post-office-money-account-t481718.0.html
 

cavemen

Star Member
Feb 22, 2016
116
2
Job Offer........
Pre-Assessed..
cavemen said:
Hi
Forum

I will be attaching my spouse's bank statement who is accompanying me to canada, my query is what should be the duration of the statement ?. Also is his six months average statement required ?
anyone ?
 

cavemen

Star Member
Feb 22, 2016
116
2
Job Offer........
Pre-Assessed..
kryt0n said:
Ircc want a 6 month average letter. If you can't get that produce 6 months of statements.

I have 6 months average letter for my bank account ( prime applicant ), however I am also attaching my husbands bank account details since part of the funds are in his account . So the question is do we need to also include his six months statements ?
 

kryt0n

VIP Member
Sep 30, 2014
5,422
274
NOC Code......
2172
AOR Received.
16-03-2017
Passport Req..
11-07-2017
cavemen said:
I have 6 months average letter for my bank account ( prime applicant ), however I am also attaching my husbands bank account details since part of the funds are in his account . So the question is do we need to also include his six months statements ?
Yes
 

greysky1866

Star Member
Nov 4, 2015
120
3
Mumbai
Category........
Visa Office......
NDVO
NOC Code......
0121
Job Offer........
Pre-Assessed..
Nomination.....
29-09-16
File Transfer...
23-11-16
Med's Done....
06-Dec-16
Passport Req..
Awaiting
VISA ISSUED...
Awaiting
prabag said:
Sir, Thank you for the reply.
I have a home loan of CAD100000 of 3 property.
Questions:
1. Should I do valuations of all properties? - No you don't need to do that.
2. I am planning to sell properties once received PPR, Should I need to declare this? If need to declare, on plain paper or affidavit? - No, you don't need to declare.
Sir, urgently reply. I was about to submit the application.

- Just keep required cash balance or FD for period of last 6 months in bank as per Canadian requirement.
 

rafabr

Member
Mar 13, 2017
18
2
São Paulo - Brazil
Category........
NOC Code......
1112
Job Offer........
Pre-Assessed..
App. Filed.......
03-10-2016
AOR Received.
10-03-2017
Med's Request
Upfront
Med's Done....
21/02/2017
Could I start buying dollars to benefit from current exchange rate or will that negatively impact my POF?
 

Tatheer Zehra

Star Member
Aug 22, 2016
88
23
NOC Code......
1212
App. Filed.......
10-05-2017
AOR Received.
10-05-2017
File Transfer...
09-08-2017
Med's Done....
26-04-2017
my father transferred half of the required amount with gift deed and my husband has half of the required balance maintained for last six months and he signed affidavit that these funds will be used for settlement..... thirdly I have also provident fund statement showing 40% of requirement. will that suffice.... please help....
 

Navin1988

Star Member
Mar 22, 2017
71
7
Category........
NOC Code......
3112
Job Offer........
Pre-Assessed..
AOR Received.
05-04-2017
Hey guys. CIC requirements for POF includes "the average balance for the past six months". What exactly does this mean?? Do i have to show the balance for each month? Or the balance at the end of the last six months??
 

Navin1988

Star Member
Mar 22, 2017
71
7
Category........
NOC Code......
3112
Job Offer........
Pre-Assessed..
AOR Received.
05-04-2017
Navin1988 said:
Hey guys. CIC requirements for POF includes "the average balance for the past six months". What exactly does this mean?? Do i have to show the balance for each month? Or the balance at the end of the last six months??
anyone?