Proof of Funds (Express Entry)

[basheerahmed]

Dear Experts,

I am currently having 3 personal loans in my name and would like to know whether it will have any impact on my Canadian PR process.

 

[Aryan7]

Dear all
Currently I am gathering documents for ITA. I have some questions
1. Is it necessary to upload all passports. My spouse has 3 passports (2older and 1 current) and it is exceeding 4MB size limit if I upload all and too much compression will destroy its resolution.
2. I am the principal applicant and my IELTS expiring on 29th May. I had score of 7.5 before.I am retaking my IELTS this month but if I did not manage to get same score will it effect my ITA as my overall CRS will not go that low as I have PNP nomination as well.
Plz help

 

[Mel38]

Hi anybody was asked for ADR (additional documents) for proof of funds by VO after the submission of application ?

 

[A.A.L]

Hello,

At the time of submission of my e-APR (Jan 18) I had more than enough funds available in my account. But due to the sudden/daily devaluation of PKR against CAD I am fluctuating at the minimum amount required for a family of 3. Can anyone guide me what can happen if my available funds become less than the required threshold necessary by 10-20 dollars. Would it affect the outcome of my PR application?

 

[rickysaldanha]

Thanks Vishalg,my gratuity will be due in July and i plan to submit my application in May.The amount i mentioned is the final amount no taxes applicable.
Since the gap between May and July is not much,i want to include the gratuity as proof of fund.Provide a letter from my employer stating the gratuity.
Do you guys think this is okay?please advice

Hi Did you provide the letter from the employer stating the gratuity amount? Can you share your experience.

 

[canadalife1234]

Hello,

At the time of submission of my e-APR (Jan 18) I had more than enough funds available in my account. But due to the sudden/daily devaluation of PKR against CAD I am fluctuating at the minimum amount required for a family of 3. Can anyone guide me what can happen if my available funds become less than the required threshold necessary by 10-20 dollars. Would it affect the outcome of my PR application?

Yes, I believe it would affect your PR application. It's risky to toe the line right on the minimum required amount. Try to ensure you have more than enough so that if the exchange rates do continue to fluctuate you won't fall below the required amount.

 

[FMT]

Hello,

At the time of submission of my e-APR (Jan 18) I had more than enough funds available in my account. But due to the sudden/daily devaluation of PKR against CAD I am fluctuating at the minimum amount required for a family of 3. Can anyone guide me what can happen if my available funds become less than the required threshold necessary by 10-20 dollars. Would it affect the outcome of my PR application?

Yes it can affect you. Try to increase your POF a little, you never know what will help.

 

[ravtejhundal]

Hi i have a joint account with my husband which was opened 2 months ago. Mostly the account has cash deposits. And i have to show that the money is gifted by my biological father. But there is 1 transaction in which my father-in-law had given a cheque of INR 70000. Is there any possibility that this amount would require clarification by the immigration officers afterwards?? Or can we make an affidavit by father-in-law now itself ?? One affidavit is already being created by my father for gift deed

 

[nanak111]

Yes, it's safe.

what about my situation? I'm trying to build up. will this raise any questions? family of four. denied already for lack of funds. got the money lump sum but trying to spread it over six months
1- 1200
2- 600
3- 5000
4- 10,000
5 15,000
6- 23,000

 

[DelPiero07]

what about my situation? I'm trying to build up. will this raise any questions? family of four. denied already for lack of funds. got the money lump sum but trying to spread it over six months
1- 1200
2- 600
3- 5000
4- 10,000
5 15,000
6- 23,000

It is an issue if you do not prove the source of those lump sum amounts.

 

[nanak111]

It is an issue if you do not prove the source of those lump sum amounts.

I thought the increase of five over three months won't raise any issues.

 

[DelPiero07]

I thought the increase of five over three months won't raise any issues.

Well I personally wouldn't proceed without proof but up to you.

 

[smcan2014]

Quick question regarding POF.....

My letter from bank has my name, account no, date on which the account was opened (May, 2015) , account type and the average 6 month balance. The letter also states that my account is in good standing and is signed by a bank official (has her title too), has bank seal and is on the bank's letterhead.

Question: Apart from this letter is it also recommended to upload monthly bank statements for the last 6 months?

 

[smcan2014]

Quick question regarding POF.....

My letter from bank has my name, account no, date on which the account was opened (May, 2015) , account type and the average 6 month balance. The letter also states that my account is in good standing and is signed by a bank official (has her title too), has bank seal and is on the bank's letterhead.

Question: Apart from this letter is it also recommended to upload monthly bank statements for the last 6 months?

@DelPiero07 Can you please confirm if I need anything else other than this letter? I know that I don't need anything else but just want a confirmation.

 

[DelPiero07]

You don't need anything else, the bank letter is sufficient.