Ok great. So not a complicated one then.DelPiero07 said:
She's stressing out about the whole PR thing, but it doesn't seem overly complex when you start to break it down.
Proof of Funds (Express Entry)
- Thread starter ThisIsHoof
- Start date
She's stressing out about the whole PR thing, but it doesn't seem overly complex when you start to break it down.
Hi all,
I've received my invitation under CIC with a NOC job Cat B but they are still asking for my POF.
I'm currently working with a permanent job and I've indicated in my profile "only" $7500 before being invited
I thought that that POF wouldnt be necessary but it still seems to be.. So yes, the $12k are not necessary but it is still required even though the website says no.
I've been working for the same company for almost 3 years now and have recurrent incomes bi-weekly.
I've always paid my credits and bills on time with my bank but I've spent some money and my credit balance is indicating -3000..
I do have $7500 in my current account but if I pay back the credit, my balance will drop to $4500..
Do you think that would have any impact? Knowing that I already have a permanent job, pay my bills on time and have a bank account in good standing?
Any thoughts??
Thanks!
I've received my invitation under CIC with a NOC job Cat B but they are still asking for my POF.
I'm currently working with a permanent job and I've indicated in my profile "only" $7500 before being invited
I thought that that POF wouldnt be necessary but it still seems to be.. So yes, the $12k are not necessary but it is still required even though the website says no.
I've been working for the same company for almost 3 years now and have recurrent incomes bi-weekly.
I've always paid my credits and bills on time with my bank but I've spent some money and my credit balance is indicating -3000..
I do have $7500 in my current account but if I pay back the credit, my balance will drop to $4500..
Do you think that would have any impact? Knowing that I already have a permanent job, pay my bills on time and have a bank account in good standing?
Any thoughts??
Thanks!
If you've been invited under the CEC program simply upload a letter stating so as CEC applicants do not have to show POF.Ktay said:
Sorry if my original post was a bit long ??? zzzzzjamesls1 said:
Can anyone help with the situation where there's been a steady injection of funds over the period of 6 months prior to sending my application? Basically my balance went steadily up from $5.5k to £12k as I knew it would when the money was returned to me by my gf.
Should I just get gift deeds to play it safe?
If your bank actually provides the average of the past 6 months and it doesn't differ greatly to the current balance then that would be sufficient.jamesls1 said:
If the bank refuses to provide this (which is quite common) then you would have to provide bank statements and you might have to explain those random transfers.
Hi DelPiero07,
I have a couple of queries regarding proof of funds and other liabilities in bank statement.
-I have made investments in mutual funds and shares. Do i have to sell them and keep in my account for 6 months or can i sell them when i get an ITA and show them as proceeds from sale of investments. If yes will this hold good for PNP proof of funds as well.
- I will have certain liabilities in my bank statement like car loan and house loan EMI. I will sell the car when i receive an ITA but the home loan might remain as it is a joint loan with my father as primary applicant. Will this effect the proof of funds criteria when i show the bank statement
pls clarify
I have a couple of queries regarding proof of funds and other liabilities in bank statement.
-I have made investments in mutual funds and shares. Do i have to sell them and keep in my account for 6 months or can i sell them when i get an ITA and show them as proceeds from sale of investments. If yes will this hold good for PNP proof of funds as well.
- I will have certain liabilities in my bank statement like car loan and house loan EMI. I will sell the car when i receive an ITA but the home loan might remain as it is a joint loan with my father as primary applicant. Will this effect the proof of funds criteria when i show the bank statement
pls clarify
Thanks but is it weird that the POF is requested then?DelPiero07 said:
I thought that I wouldn't have to upload it. Anyone who uploaded a document stating they're under CIC and don't need the POF?
I'm just scared that if I do, I'll be rejected or asked for it..
It's not weird. It is requested as you entered an amount other than "0" in the question regarding how much money you'll bring to Canada.Ktay said:
So either upload the letter or change the funds to "0" and there won't be a placeholder for POF anymore.
1 - Funds must be liquid so yes, you would have to sell them. However, you do not have to keep them in your account for 6 months as long as you're able to show proof of the sale of your investments. You should look into the requirements for the provincial nominee program for which you're interested in as my advice is specific to CEC/FSW.jackdawn said:
2 - No issue but if it is shown in your bank statements make sure you explain this liability.
Come on dude, do some research: http://www.cic.gc.ca/ENGLISH/helpcentre/answer.asp?qnum=1145&top=29Ktay said:
"The system currently asks all applicants to provide a proof of funds document. If you don’t need to provide proof of funds, you must upload a letter explaining either that you have been invited to apply under the Canadian Experience Class, or that you have a valid job offer."