Proof of Funds (Express Entry)

[ankur.suri]

Did you show home loan or not? Have you got PR?

 

[rkhan15]

I have a question regarding POF in USA. I recently received a significant amount of refund in the form of Tax Returns in USA, how can I prove that this money is mine and unencumbered. I used an online tool to file for taxes and download pages that show my federal and state tax return amounts as well as my W2 which would show my income and total taxes paid last year.

Also, I share my apartment and receive funds (his share of rent + utilities) from other tenant every month for last six months. Do I need to prove that this money is mine and unencumbered. If yes, how can I do this?

Thanks in advance.

 

[goyal.maninder]

Hi,

Can someone please advise me on the below two queries:

1) My wife is the main applicant and I have received funds from my parents. I will get a gift deed from my parents. However, as my wife being main applicant is required to show the funds, do I need to transfer these funds into her account? or can I give an affidavit (without transferring money) that I give full authority to my wife to use the funds?

2) In India, has anyone been able to download the PF passbook or manage to get the balance statement from EPFO? I visited the office, but the officer refused to provide any such balance certificate. EPFO website is undergoing renovation since last 2 months.

Any help would be really appreciated.

Please advise?

Thanks in advance!

MP

 

[Lailina]

guys, I got the following from my bank (after a looong day trying to find the best way)

1. Certificate of deposit with all the information needed by CIC (my name, account number, amount of money, banks contact information) except the date when the account was opened. (address in the letterhead is of the Bank headquarter)
2. 6 months statement and its translation (address on this document is of the branch office)
3. business card of the Bank manager in the branch office

hope i didnt miss anything :

 

[kryt0n]

Does anyone know how exchange rates are calculated? On the day of submission or do they recheck it mid app? Just concerned about the inevitable pound plummit.

 

[vishalg]

Hi,

Can someone please advise me on the below two queries:

1) My wife is the main applicant and I have received funds from my parents. I will get a gift deed from my parents. However, as my wife being main applicant is required to show the funds, do I need to transfer these funds into her account? or can I give an affidavit (without transferring money) that I give full authority to my wife to use the funds?

2) In India, has anyone been able to download the PF passbook or manage to get the balance statement from EPFO? I visited the office, but the officer refused to provide any such balance certificate. EPFO website is undergoing renovation since last 2 months.

Any help would be really appreciated.

Please advise?

Thanks in advance!

MP

1. You can keep the funds in your account, upload gift deed, proof of transfer and a declaration letter that you willingly allow your spouse's to utilise the funds.
2. Yes, I have got the EPF ledger signed and stamped by the assistant commissioner EPFO. You need to be a little persistent. Try and speak with Asst. Commissioner and above. The clerks will give you a hard time.
A lot of people have got the EPF ledger stamped from EPFO

 

[Didona84]

Please advise: in husband's old savings account, which was btw named Funds for Canadian immigration (which is visible in the bank statement) we had the full LICO amount a year ago, and the balance hasn't changed for 6 months. Then we pulled some money due to unstable political situation in the country and kept it at home out of fear the accounts may be blocked (happened before). Now we opened a joint account and put the money back in, but will it be suspicious to have a large sum of money deposited back? Is it better to go with a gift deed in this case, just to make sure? Or writing a letter of explanation together with the statements for this old account would suffice?

 

[KRahman]

Please advise: in husband's old savings account, which was btw named Funds for Canadian immigration (which is visible in the bank statement) we had the full LICO amount a year ago, and the balance hasn't changed for 6 months. Then we pulled some money due to unstable political situation in the country and kept it at home out of fear the accounts may be blocked (happened before). Now we opened a joint account and put the money back in, but will it be suspicious to have a large sum of money deposited back? Is it better to go with a gift deed in this case, just to make sure? Or writing a letter of explanation together with the statements for this old account would suffice?

Just a LOE and statement would be fine, no need to worry.

 

[One_Topsy]

Does anyone know how exchange rates are calculated? On the day of submission or do they recheck it mid app? Just concerned about the inevitable pound plummit.

Not 100% sure but for SINP there is a 'funds converted date'. which is the day they convert your funds and they use the rate on that day.

I would imagine for EE would be same because they are aware of fluctuation in exchange rate.

 

[One_Topsy]

Please advise: in husband's old savings account, which was btw named Funds for Canadian immigration (which is visible in the bank statement) we had the full LICO amount a year ago, and the balance hasn't changed for 6 months. Then we pulled some money due to unstable political situation in the country and kept it at home out of fear the accounts may be blocked (happened before). Now we opened a joint account and put the money back in, but will it be suspicious to have a large sum of money deposited back? Is it better to go with a gift deed in this case, just to make sure? Or writing a letter of explanation together with the statements for this old account would suffice?

If possible, provide statement of both accounts and LoE

 

[kaushalyap]

1. You can keep the funds in your account, upload gift deed, proof of transfer and a declaration letter that you willingly allow your spouse's to utilise the funds.
2. Yes, I have got the EPF ledger signed and stamped by the assistant commissioner EPFO. You need to be a little persistent. Try and speak with Asst. Commissioner and above. The clerks will give you a hard time.
A lot of people have got the EPF ledger stamped from EPFO

Hi,

Can I show my EPF as POF? And also my uncle is willing to provide me with the settlement funds and what should I provide in that respect? Please advise as I'm running out of time..

 

[vishalg]

Hi,

Can I show my EPF as POF? And also my uncle is willing to provide me with the settlement funds and what should I provide in that respect? Please advise as I'm running out of time..

you can show EPF as POF
If you are getting funds from uncle you need to upload following
1. Gift deed
2. Proof of transfer
3. Donor's account statement ( to be on the safer side)

 

[SaintNishant]

1. You can keep the funds in your account, upload gift deed, proof of transfer and a declaration letter that you willingly allow your spouse's to utilise the funds.
2. Yes, I have got the EPF ledger signed and stamped by the assistant commissioner EPFO. You need to be a little persistent. Try and speak with Asst. Commissioner and above. The clerks will give you a hard time.
A lot of people have got the EPF ledger stamped from EPFO

My PF Account is maintained in the EPFO Bangalore office since my company's HQ is in Bangalore. However, I stay and work in Pune. Will the EPFO Pune office endorse the PF statement or I need to get it done from Bangalore office.

 

[vishalg]

My PF Account is maintained in the EPFO Bangalore office since my company's HQ is in Bangalore. However, I stay and work in Pune. Will the EPFO Pune office endorse the PF statement or I need to get it done from Bangalore office.

The ledger would be issued where your account is being managed. You can ask one of your friends/relatives/co-workers to get that for you.
Also, if this is not possible, then
1. Download EPF statement from website
2. Download UAN card from website
3. Get a letter from employer that they will release your EPF upon your resignation
4. Upload payslips also ( if they mention EPF details)

 

[AnishShan]

Hello Friends,

Quick question regarding POF .. I am planning to show the Mutual Funds as the proof.... Hope it is accepted.... but, what kind of document we need to show as the proof? Is the account statement alone enough? If Yes, the account statement that I get in online is ok or I need to get it with stamp and signature?

I am already in post-ITA phase. It would be much helpful if someone can help me in this