Proof of Funds: Format of Gift Deed, Affidavit and LOE
- Thread starter hsinxh
- Start date
I ahd the same issue. I gave the Gift Deed without cheque details. let see what happens. What abt u?
Hello, I have almost same circumstances. I have a gift deed from my paternal uncle in a finance house, fixed deposit in same fiance house in Nigeria for a period of 6 months, which I can renew on the expiration of the 6 months, and affidavit. Note that none of these funds went through my bank account.
1. Can these be used as a valid proof of fund for canadian PR?
2. Do I still need to submit my salary bank statement for a period of 6 months?
Hi All, I live in US but will be getting a gift deed from my father who is in India. I read gift should reflect the sign of both parties, the gift provider and receiver but in my case as I reside in a different country, how do I proceed with gift deed option?
Hi everyone, I have a question. I am the main applicant and my fiancé is the dependant. My fiancés father will be gifting us money for POF. Will this be a problem given that he is the father of the dependant and not the father of the main applicant? We are not married yet, but only because we had to move our wedding due to COVID-19.
Your
My father in law gave my wife a gift for the money under a gift deed and I prepared a consent letter from her to me that I can use the funds towards immigration process. I landed with PR last year. So it will work, you can go ahead.
In my case, no one except my husband had money (husband is dependent). It was from investements in mutual funds. Our consultant advised me that it is not safe to withdraw that money and show as our POF. Questions can be asked how my husband got so much money in short span as he is going to accompany me.
So, to play safe, he trasferred entire amount to my dad. He kept in this account for 10 days and then my dad gave it to me as gift. My dad had to show 1 week statement. I made a fixed deposit immediately. No one will question my dad as he is third party.
I'm currently in Canada and my father is willing to give me the money as a gift. But he is living in my home country. To prepare the Deed of Gift document, how would I acknowledge in front of a notary public without physically attending. And do I also need to submit the 6 months of bank history? Or should I need to wait for six months after the deposit is made to my account? I appreciate your expert advice on this.
Hello,
In my case, my dad showed 7-10 days statement which shows the trasfer of money to my account. I showed only 1 week statement which shows gift money being deposited and also the Fixed deposit I made.
If u r not gonna make any FD, 6 months bank statement will b needed with POF for all 6 months. If money is in ur account for 6 months, u dont need to show any proof for how you got it. Dad will not b in picture, hence, no gift deed needed.
I did not have 6 months to wait.
Regarding physical presence, it should b done in presence of notary person.
Luckily the person i found online agreed to just do it without his presence. You need to check on this aspect.
In my case, my dad showed 7-10 days statement which shows the trasfer of money to my account. I showed only 1 week statement which shows gift money being deposited and also the Fixed deposit I made.
If u r not gonna make any FD, 6 months bank statement will b needed with POF for all 6 months. If money is in ur account for 6 months, u dont need to show any proof for how you got it. Dad will not b in picture, hence, no gift deed needed.
I did not have 6 months to wait.
Regarding physical presence, it should b done in presence of notary person.
Luckily the person i found online agreed to just do it without his presence. You need to check on this aspect.
Yes.. fatger in law needs to make a gift deed n show account statement for around 10 days with that money and shud b trasferred (transfer shud b reflected in statement). U guys need to show that transaction in ur account statement of abt 1 week..
Hello Guys,
I have Just got an invitation notice from IRCC. I have very less amount in my salary account but my wife's (individual account) account has the required amount for POF, she got the money from his father as a Gift deed. What should I do?
Should I attach a Gift Deed from my wife and transfer the money to my bank account? Will it work? Please let me know. We do have a mutual account in SBI but it's notorious for not giving any documents that is why we prefered to get the money in my wife's account.
I have Just got an invitation notice from IRCC. I have very less amount in my salary account but my wife's (individual account) account has the required amount for POF, she got the money from his father as a Gift deed. What should I do?
Should I attach a Gift Deed from my wife and transfer the money to my bank account? Will it work? Please let me know. We do have a mutual account in SBI but it's notorious for not giving any documents that is why we prefered to get the money in my wife's account.