Proof of Funds (Express Entry)

[Arjun1111]

Thanks, appreciate your quick response. Do I upload this explaination letter in proof of funds section or in the explanation letter section?? Will the system allow me to move forward if I don't upload anything in POF section?

 

[Asivad Anac]

Thanks, appreciate your quick response. Do I upload this explaination letter in proof of funds section or in the explanation letter section?? Will the system allow me to move forward if I don't upload anything in POF section?

In the POF section. You won't be able to submit your application if you haven't uploaded something in all the mandatory placeholders.

 

[Arjun1111]

Thanks a lot man. Take care

 

[mohsenfar]

People would you help me? I have got pof from my bank but in that the average balance over the past 6 months is not written. It has debit and credit and ownership data and the date of opening the account, though.
Do you think it will cause any problems for me?

 

[kryt0n]

People would you help me? I have got pof from my bank but in that the average balance over the past 6 months is not written. It has debit and credit and ownership data and the date of opening the account, though.
Do you think it will cause any problems for me?

Provide 6 months of statements as well

 

[mohsenfar]

Provide 6 months of statements as well

What do you mean by statements? What are included in statements?

 

[Asivad Anac]

What do you mean by statements? What are included in statements?

Bank statements for the last 6 months showing all credit and debit activities. Make sure that said statements are printed on bank stationery and sealed/signed by authorized representatives at your bank.

 

[Ajaychhabra79]

How much funds, a family size of 3
i.e couple and one 7 years old kid, will
they need to show.
Can we claim funds invested in business
in which u r parnter

 

[shan83]

Dear senior

Please advise regarding Assets i have 2 bedroom flat on may name on mortgage for 24 years in uae and i paid 30% worth till now should i show it will be positive impact or negative as cic for immigration.

 

[kryt0n]

Dear senior

Please advise regarding Assets i have 2 bedroom flat on may name on mortgage for 24 years in uae and i paid 30% worth till now should i show it will be positive impact or negative as cic for immigration.

No need to show mortgage details.

 

[vaibhav007us]

How does CIC compute the average of funds for 6 months? Is there are set mechanism?

 

[DelPiero07]

How much funds, a family size of 3
i.e couple and one 7 years old kid, will
they need to show.
Can we claim funds invested in business
in which u r parnter

$18,617 and no, the funds have to be liquid.

http://www.cic.gc.ca/english/immigrate/skilled/funds.asp

 

[Stanlee]

How does CIC compute the average of funds for 6 months? Is there are set mechanism?

It is not known or published as to how CIC calculates average balance for 6 months.

If you are looking to calculate the average balance, there are multiple ways of calculating it.
1. Average of monthly closing balance - Take the sum of closing balance of last 6 months and divide it by 6, you will get the average 6 month balance.
2. Average of sum of averages of monthly balance - Take the closing balance of each day in the month and divide it by 30 to arrive at the average monthly balance for each month. Divide the sum of averages of each month by 6 to arrive at average 6 month balance.

 

[liamng91]

Hi expert,

im with TD bank in Canada.
I've come to the branch to request POF, what they provided me was
1) Your personal assessment - which has my balances for checking account and liabilities (credit card, etc)
2) Customer account confirmation - which is to confirm i've been the customers for more than 3 years


is that good enough?

Please advise, or if anyone has experiences in getting this done with TD. Please advise !

 

[Stanlee]

Hi expert,

im with TD bank in Canada.
I've come to the branch to request POF, what they provided me was
1) Your personal assessment - which has my balances for checking account and liabilities (credit card, etc)
2) Customer account confirmation - which is to confirm i've been the customers for more than 3 years


is that good enough?

Please advise, or if anyone has experiences in getting this done with TD. Please advise !

Since the letter mentions only your current balance for each account, you will need to submit 6 months bank statements as well.