Proof of funds ITA

[kaushalyap]

Hi,

The funding for my EE will be gifted by my father through sale of an asset and still do I need to upload below documents??

list of all your bank (chequing and savings) and investment accounts, the account numbers, dates each account was opened and the balance of each account over the past six months,
list all outstanding debts, such as credit cards and loans,
be printed on the letterhead of the financial institution, and include your name and the contact information of the financial institution (address, telephone number and e-mail address).

Please help friends..

 

[DelPiero07]

Yes, you still need a bank letter following IRCC's requirements.

 

[kaushalyap]

I have few bank loans and will it have a negative effect. And is there a specific format for the letter?

 

[DelPiero07]

The applicant should provide an official letter(s) from one or more financial institutions that lists all current bank and investment accounts as well as outstanding debts, such as credit card debts and loans.
o The letter(s) must be printed on the letterhead of the financial institution and must include the applicant’s name, the contact information of the financial institution (address, telephone number and email address), the account numbers, the date each account was opened and the current balance of each account as well as the average balance for the past six months.

http://www.cic.gc.ca/english/resources/tools/perm/express/intake-complete.asp

 

[kaushalyap]

Thanks pal.

 

[CanadianPRbeku]

The applicant should provide an official letter(s) from one or more financial institutions that lists all current bank and investment accounts as well as outstanding debts, such as credit card debts and loans.
o The letter(s) must be printed on the letterhead of the financial institution and must include the applicant’s name, the contact information of the financial institution (address, telephone number and email address), the account numbers, the date each account was opened and the current balance of each account as well as the average balance for the past six months.

http://www.cic.gc.ca/english/resources/tools/perm/express/intake-complete.asp

what if credit card is one company and bank account is separate company? could i just ignore credit card and just show POF via the bank

 

[skybluepearl]

Guys I am in a dilemma and need advise. The money in my current and savings account are far above the minimum requirement for a family of 5, and have been maintained stably above the six months timeline. However, I took an investment loan from my bank last year, which results in about 20% monthly deduction from my expendable salary. From CIC guideline, I am supposed to declare this liability through a bank letter. My question is how will this declaration impact my application?