Proof of Funds..FSW ..Need Help

[isha07]

Hi ...

Please help me in understanding a few doubts related to Proof of Funds.

1. I am the Principal Applicant.So ,can i show proof of funds from my Joint savings account (with my Husband).
2. What if that joint account or single account has my name with my husband's surname but my passport still
bears my surname before marriage?
3. I am making my EE profile with my existing passport which has my previous surname .
4. Do we need to declare the home loan we have taken?
5. Does it affect my credentials/profile that our home loan EMI is being shown in our bank statement ?
6. Do we need to maintain the stability in funds for some continuous period.If yes than when should we start
- before EE profile is registered or after ITA is received??

Thank you so much in advance.

I will be glad to have the answers and suggestions.

Regards

 

[ppahuja]

Hi ...

Please help me in understanding a few doubts related to Proof of Funds.

1. I am the Principal Applicant.So ,can i show proof of funds from my Joint savings account (with my Husband).
Yes, you can.
2. What if that joint account or single account has my name with my husband's surname but my passport still
bears my surname before marriage?
Go ahead and create a same name notarized affidavit citing anomalies whatsoever.
3. I am making my EE profile with my existing passport which has my previous surname .
That's fine
4. Do we need to declare the home loan we have taken?
Not recommended
5. Does it affect my credentials/profile that our home loan EMI is being shown in our bank statement ?
Showcase a different account for settlement funds requirement if you are not disclosing that you have ongoing home loan
6. Do we need to maintain the stability in funds for some continuous period.If yes than when should we start
- before EE profile is registered or after ITA is received??
There is no such norm of maintaining funds. However, it is advised to have it for 6 months before you submit your e-APR post ITA receipt.
Thank you so much in advance.

I will be glad to have the answers and suggestions.

Regards

Good luck!!

 

[DigitalDestiny]

Hi ...

Please help me in understanding a few doubts related to Proof of Funds.

1. I am the Principal Applicant.So ,can i show proof of funds from my Joint savings account (with my Husband).
Your husband will also be accompanying you so joint account would be ok

2. What if that joint account or single account has my name with my husband's surname but my passport still
bears my surname before marriage?
Why not get your passport updated with new surname and then apply ?. Anyways, you can always Attach your marriage certificate with a letter of explanation. It's a fairly common scenario so VO would understand

3. I am making my EE profile with my existing passport which has my previous surname .
I think you should use your post marriage name everywhere if you want to use that as your official name now. Why create mess by using your old name now ? .

4. Do we need to declare the home loan we have taken?
Not needed, till you are specifically asked for Loans or liabilities

5. Does it affect my credentials/profile that our home loan EMI is being shown in our bank statement ?
VO is concerned with the final balance in your account and if it actually belongs to you meaning it's not a loan from anyone

6. Do we need to maintain the stability in funds for some continuous period.If yes than when should we start
- before EE profile is registered or after ITA is received??
CIC requires funds to be in your account for 6 months and you should maintain the funds till the PR is approved. If the funds is less than 6 months old then you need to prove the source of those funds (meaning you sold shares or property or broke FDs or got gift from parents or whatever. Read this thread :-
http://www.canadavisa.com/canada-immigration-discussion-board/a-complete-way-to-nail-source-of-fund-dilemma-t349224.0.html

Thank you so much in advance.

I will be glad to have the answers and suggestions.
Hope it helps. All the Best.
Regards

 

[isha07]

Thank you so much pp ahuja for such a quick response.

Could you please elaborate a bit more on this suggestion:-
"
2. What if that joint account or single account has my name with my husband's surname but my passport still
bears my surname before marriage?
Go ahead and create a same name notarized affidavit citing anomalies whatsoever.
"
Thanks

 

[isha07]

Dear DigitalDestiny,

Thanks for your suggestions

- But i have already got my ECA and IELTS under my previous name so cant change the surname on passport now..
What kind of explanation letter should i give for not changing my surname after marriage as practically there is
no logical reason. I am a frequent international traveler and that's why kept on delaying name change for 3 years
now.

- So by which name should i register my EE now?? sorry thats a new doubt now.

Thanks

-

 

[ppahuja]

Thank you so much pp ahuja for such a quick response.

Could you please elaborate a bit more on this suggestion:-
"
2. What if that joint account or single account has my name with my husband's surname but my passport still
bears my surname before marriage?
Go ahead and create a same name notarized affidavit citing anomalies whatsoever.
"
Thanks

I meant - get an affidavit from notary specifying person X bearing name X1 and X2 are same where X1 is name before marriage and X2 post marriage and attach your marriage certificate copy to substantiate your claim.

 

[DigitalDestiny]

Dear DigitalDestiny,

Thanks for your suggestions

- But i have already got my ECA and IELTS under my previous name so cant change the surname on passport now..
What kind of explanation letter should i give for not changing my surname after marriage as practically there is
no logical reason. I am a frequent international traveler and that's why kept on delaying name change for 3 years
now.

- So by which name should i register my EE now?? sorry thats a new doubt now.

Thanks

-

If I were you, I would open a new bank a/c with pre-marriage name, transfer funds in that and would use one pre-marriage name everywhere for Canadian processing. Why use post marriage name anywhere at all when your IELTS,ECA, passport everything is in old name ?

 

[rohansekhri]

Do you have a marriage certificate? If no, then you will need one as that is the only proof CIC will accept for marriage. I doubt any affidavits would suffice here. Experts can comment on this. You'll have to convince CIC that your marriage is recognized by the Indian Law.

Passports: Its better to have spouse name in your passport, although it is not mandatory. You will enjoy the benefit of additional validity too.

About loans: ensure that there are no entries that mention the word "loan" or "emi" in your bank statements. That would surely ring a bell and your application might get rejected for misrepresentation. Not trying to scare you, but its better to play safe here.

IELTS and ECA: doesn't matter what your surname/name was till the time they belong to the same person.

 

[rohansekhri]

If I were you, I would open a new bank a/c with pre-marriage name, transfer funds in that and would use one pre-marriage name everywhere for Canadian processing. Why use post marriage name anywhere at all when your IELTS,ECA, passport everything is in old name ?

I wouldn't do that as it will raise a suspicion due to sudden funds in a new bank account, which can't be proven are yours.

My wife is the primary applicant and she had to upload documents for marriage, change of name after marriage [marriage certificate works for both] and since it has a photograph of both husband and wife, makes life very easy. The old passport can be retained and the relationship can also be proven.

 

[isha07]

Yes I do have marriage certificate....but in addition i will try and get the affidavit as well if it helps..

Do you have a marriage certificate? If no, then you will need one as that is the only proof CIC will accept for marriage. I doubt any affidavits would suffice here. Experts can comment on this. You'll have to convince CIC that your marriage is recognized by the Indian Law.

Passports: Its better to have spouse name in your passport, although it is not mandatory. You will enjoy the benefit of additional validity too.

About loans: ensure that there are no entries that mention the word "loan" or "emi" in your bank statements. That would surely ring a bell and your application might get rejected for misrepresentation. Not trying to scare you, but its better to play safe here.

IELTS and ECA: doesn't matter what your surname/name was till the time they belong to the same person.

 

[rohansekhri]

Yes I do have marriage certificate....but in addition i will try and get the affidavit as well if it helps..

No need of any affidavits if you have a MC. IELTS has your photograph, so you are covered there. ECA too is covered as its on your previous name. Apply for PCC now. That will take time in case your passport was issued more than 6 months ago. If less than 6 months, you'll get it hand to hand [if you're in Delhi or metros]

Be careful with the bank details you furnish. POF is a big deal for CIC. For more info read this: http://www.cic.gc.ca/english/resources/tools/perm/express/intake-complete.asp

All the best

 

[isha07]

Hi

I am totally confused now...I do have an old account with my previous name but i will have to transfer the funds to it...So will they question the source??

Photograph on Marriage certificate???

Please clarify...thanks

I wouldn't do that as it will raise a suspicion due to sudden funds in a new bank account, which can't be proven are yours.

My wife is the primary applicant and she had to upload documents for marriage, change of name after marriage [marriage certificate works for both] and since it has a photograph of both husband and wife, makes life very easy. The old passport can be retained and the relationship can also be proven.

 

[isha07]

I haven't received an ITA yet as i am registering for EE...We need to get PCC after ITA right ?I am in Ahmedabad but i am not a domicile of this state...does it matter??

No need of any affidavits if you have a MC. IELTS has your photograph, so you are covered there. ECA too is covered as its on your previous name. Apply for PCC now. That will take time in case your passport was issued more than 6 months ago. If less than 6 months, you'll get it hand to hand [if you're in Delhi or metros]

Be careful with the bank details you furnish. POF is a big deal for CIC. For more info read this:

All the best

 

[rohansekhri]

Hi

I am totally confused now...I do have an old account with my previous name but i will have to transfer the funds to it...So will they question the source??

Transfer funds from where? If its another account which doesn't bear your name, then it's a cause of concern. If it's a joint account, no need to transfer funds. Use that account for POF, no issues with that. A suggestion: exchange rates fluctuate on a daily basis, so its better to show more funds than CIC asks for

Photograph on Marriage certificate???
Doesn't your MC have a joint photo of you two? If no, then its kinda strange and in that case its better to go for the affidavits which has a joint photo and is attested in addition to the MC

Please clarify...thanks

PCC: After receiving ITA, you will have just 60 days to respond. PCC generally takes some time. So, its better to start gathering this document at least if you are confident about an ITA sometime soon. Use this link for PCC: http://www.cic.gc.ca/english/information/security/police-cert/asia-pacific/india.asp . Ask any Ahmadabad police station on how to obtain a PCC.

 

[DigitalDestiny]

Hi

I am totally confused now...I do have an old account with my previous name but i will have to transfer the funds to it...So will they question the source??

Photograph on Marriage certificate???

Please clarify...thanks

I suggest you create EE profile with your old name only.

When you get an ITA or apply for any nomination from province, they see if you are holding the settlement funds since past 6 months. If yes, no source of funds are asked as they accept it to be your funds. If no, then they *may* ask from where you got that money ?. So people basically, supply all the info before hand itself so that CIC (or province) does not have to ask for that info.


If you transfer funds to the bank account with Pre-marriage name - yes you will have to show from where you got the money (for. eg salary income -> Joint A/c -> Pre-marriage name account). You just have to write a polite letter on a plain sheet of paper and sign it. This is called Letter of explanation (LoE). You also need to attach statements from Source and destination accounts to support your LoE.

If you are holding the funds in joint account since at least 3-4 months and lets say you get ITA in next 2 months, then u will have funds for 6 months and you need not show source of those funds. But in this case you will have to show to the VO that joint holder on that account is you only (because of your post marriage name on joint a/c)

Lastly, if you stayed in any country beyond 6months, you would need PCC for that but that's another story. For now just setup your EE profile.

Hope it helps