Proof of Funds (Express Entry)

[mvd]

Guys,

If my POF is exact 6 months old, would i still need to submit a gift deed?


TIA

 

[DelPiero07]

Guys,

If my POF is exact 6 months old, would i still need to submit a gift deed?


TIA

If you received those funds over 6 months ago then there is no need for a gift deed.

Cheers

 

[mvd]

If you received those funds over 6 months ago then there is no need for a gift deed.

Cheers

Hi Delpiere07,

I have sent you a PM, pls check and revert.

 

[DelPiero07]

Hi Delpiere07,

I have sent you a PM, pls check and revert.

I'm at the gym right now, i'll answer when I get home.

Cheers

 

[Micellangelo]

Hi everyone.

I have kinda tricky situation:

I have received PPR yesterday. I am in Canada right now with my wife under 3 year WP (PGWP+OWP) and preparing to land.

I had bank statement from CIBC with $18'000 when I applied for PR. I am also a holder of LMIA+JO. But I haven't been under WP at that time. But now I am.

So, If I have WP+LMIA+JO am I exempt to proof of funds requirement?

If not, is my 6 month old bank statement sufficient, or I need to make a fresh one?

Thanks!

 

[Asivad Anac]

Hi everyone.

I have kinda tricky situation:

I have received PPR yesterday. I am in Canada right now with my wife under 3 year WP (PGWP+OWP) and preparing to land.

I had bank statement from CIBC with $18'000 when I applied for PR. I am also a holder of LMIA+JO. But I haven't been under WP at that time. But now I am.

So, If I have WP+LMIA+JO am I exempt to proof of funds requirement?

If not, is my 6 month old bank statement sufficient, or I need to make a fresh one?

Thanks!

Congratulations!

If you either had 600 additional points for the LMIA+JO or were invited under CEC, you're exempted from POF requirements.

 

[pritywiz]

No - money has to be in liquid funds, not dependant on a property sale.

I read somewhere that the Immigration officials wouldnt want us to sell the property before we actually migrate. The land value is way beyond the required amount for POF. He can have the property transferred in his name before that.

Or, should we sell the property before sending the POF details and have the funds in any bank balance, but that would mean I wont be able to six months statement.

Please help me here.

 

[DelPiero07]

I read somewhere that the Immigration officials wouldnt want us to sell the property before we actually migrate. The land value is way beyond the required amount for POF. He can have the property transferred in his name before that.

Or, should we sell the property before sending the POF details and have the funds in any bank balance, but that would mean I wont be able to six months statement.

Please help me here.

This is irrelevant. If you sell the property to meet the minimum funds then as long as proof is provided as to where that money is coming from you're fine.

Cheers

 

[Micellangelo]

Congratulations!

If you either had 600 additional points for the LMIA+JO or were invited under CEC, you're exempted from POF requirements.

That is not True. To be exempt I need to have JO+LMIA+WP. Without authorization to work in Canada LMAI+JO don't make one exempt from PoF requirement.

The question remains:

If I have initially showed PoF because I haven't had WP yet, not I meet all criteria to be exempt (JO+LMIA+WP).

Do I still need PoF? If yes, is my 6 month old bank statement enough, or should I make a fresh one?

 

[Asivad Anac]

That is not True. To be exempt I need to have JO+LMIA+WP. Without authorization to work in Canada LMAI+JO don't make one exempt from PoF requirement.

The question remains:

If I have initially showed PoF because I haven't had WP yet, not I meet all criteria to be exempt (JO+LMIA+WP).

Do I still need PoF? If yes, is my 6 month old bank statement enough, or should I make a fresh one?

Read my response again.

If you had 600 additional points, you're exempted. If you never had those 600 additional points (and not invited under CEC), you're not exempted.

If you're not exempted, you may be asked for POF at landing. A 6 months old statement won't work, you'll need a recent statement.

 

[Micellangelo]

From CIC website:

You do not have to show that you have these funds if:

you have a valid offer of arranged employment in Canada AND
you are currently working or authorized to work in Canada.

I had 600 points, but I wasn't working (only part time as student), and wasn't authorized to work in Canada (I have been under Study Permit)

P.S.: So my conclusion is I need to get new Proof of Funds (at least new statement)

 

[Asivad Anac]

From CIC website:

I had 600 points, but I wasn't working (only part time as student), and wasn't authorized to work in Canada (I have been under Study Permit)

P.S.: So my conclusion is I need to get new Proof of Funds (at least new statement)

Feel free to ignore the first part of my most recent response and show up with a recent bank statement at landing. You'll likely not even be asked for POF but the effort of getting that statement would probably still be far lesser than the time and effort already expended in these back-and-forth messages.

All the best!

 

[Micellangelo]

Thanks you! If something, I didn't wont to offend you or to waste your time. The reason of my thoroughness is that I currently don't have enough money on my account, and I need to know if I neeed to look for such money ASAP or not.

 

[Micellangelo]

Just Got my CAIPs:

Here is the part about Funds

FUNDS
Number of Family members: 1
Minimum Funds: Met
MST Funds Exempt: N
FSW Funds Exempt: N

Despite having LMIA with JO

 

[Biggeee]

e-APR submitted December 1, AOR received. However, I used letter from spouse bank (RBC) for POF. RBC did not include average balance for last 6mts in the letter. We included last 3 account statements though. I hope that will work.