Proof of Funds: Format of Gift Deed, Affidavit and LOE

[GhAyoub]

Hey there,

I really want to know more about the gift deed process?

What are the downsides of it?
Is it always accepted by CIC?

Many thanks!

 

[Mitzee]

My mother gave me 95% of the funds for POF in my bank account via cash deposits.how do I make a gift deed and moreover do I need to prove the source where got that money from.?

 

[MWH007]

Good Day Everyone

I have pretty much looked everywhere for an answer but all post seem to differ slightly from my situation.

My wife is the principal applicant for EE. Our CRS is 455, which is looking good to get a ITA. We have already done everything needed except for the thorn in our side, the POF. Now we do not have the amount required as yet. Is it possible to apply and save up the required amount? Which we can do in about 4 months. So we would have the required amount in our account by the time that we land or a month or so before. Is this possible, or would we have to save up the amount, hold it for 6 months then apply?

We also do not have any other personal finances to use to make up this money.

However, as a last resort I can also ask my father to gift me this amount, and then do the gift deed. As I understand if this is done, the I do not need to show this amount in my account for 6 months?

Hi Desertrat,

My situation is similar to you. Our score is around 455 as well. My wife is the prime applicant. But the issue is I am in KSA and all my savings are here with me. I am going to get married in DEC 2019. How can I provide the POF for both of us? In KSA, I can not open a joint account. If I open a JC back in Pak, is it necessary that it should be 6 months old or hold the money for 6 months? As far as my money trail of KSA bank is concerned, I can provide it anytime.

can you help me out?

Thanks

 

[Dxb3866]

Hey guys, I work in the US and of course get paid in dollars. I haven’t touched my last two months’ salary just to make sure my account has more funds than I need for Canada PR. I was wondering if I should mention that in the Letter of explanation along with other proof of funds’ explanation? I was also thinking of attaching my pay stubs with the letter.

Do you think I should include that? Or don’t mention my salary in the LOE? I will attach my bank statements so it’s easy to identify those transactions as coming from my company’s payroll.

 

[Mitzee]

Does gift deed letter needs to be notarized.? And is the witness mentioned in the letter the person who is receiving the gift or it has to be a third person..? And moreover

 

[Wbr90]

Hi Desertrat,

My situation is similar to you. Our score is around 455 as well. My wife is the prime applicant. But the issue is I am in KSA and all my savings are here with me. I am going to get married in DEC 2019. How can I provide the POF for both of us? In KSA, I can not open a joint account. If I open a JC back in Pak, is it necessary that it should be 6 months old or hold the money for 6 months? As far as my money trail of KSA bank is concerned, I can provide it anytime.

can you help me out?

Thanks

better to keep that with you in your ksa account and show the bank statement of that account. simple.

Since you will be primary applicant, hence you will be needed to show funds that are enough for both yourself and your wife to be.

 

[Yacin_0107]

Hi, Can i get gift deed from parents after extraction (50% of PoF) or do i have to refuse ITA and submit again after getting the gift deed and money on my account ?
Thank you

 

[garbaczpaula]

hi
does the gift deed need to be signed by ourselves (the receiver) as well? or is the fact i wrote 'name of the receiver: paula garbacz' sufficient?

 

[Ashsha]

That's fine. all that matters is the gift deed letter to be notarized

So, my husband is the primary applicant and I am accompanying him, can my Fathers Brother give the money as a gift and provide gift deed? Is it acceptable ? He will deposit in my account.

 

[engr_m.umair]

Guys, I have a query! My father bought a property in August and I gave him my savings for a time being till he gets his due payments and at the end of September he returned my savings and now in October I received the ITA so do I need gift deed from him about the money or just LOE would be enough?

I can attach my Income tax returns showing the amount and can attach a 12-month statement showing I had the whole amount. The problem is my account got almost empty for a month or two in the end.

If anyone has any similar kind of experience please guide!

 

[zsaty123]

Hi Sir, We got the invite and my wife is the primary applicant . I am the accompanying spouse . I have recently transferred around 8L from my salary account and NRO account to her bank . This is from my savings . Should i also give her a gift deed or a "No Objection Letter" ? pls help

 

[haris_rasheed]

Hi GUys, can someone please confirm is it necessary to get a gift sum of money from blood relation or we can borrow it from someone else as well?

 

[varunbatra89]

Hi - I will be applying for ITA along with my wife. Can i show POF as gift deeds from my father ?

 

[Asesino]

Hi - I will be applying for ITA along with my wife. Can i show POF as gift deeds from my father ?

Yes

 

[Goel1960]

If my brother has taken loan from bank and he transferred that money from his account to my account.He also made a gift deed in favour of me. Then it will be valid or not for showing funds for canada PR.????