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Proof Of Funds (POF) - 3 Scenarios

sivatlp

Member
Nov 1, 2015
14
0
Hello Experts,

I am the principal applicant working in Canada with PGWP planning to apply for PR along with my spouse who is also in Canada, we have to show $14,853 for a family of 2.

For the past one year, we have transferred money from ICICI Bank Canada (Joint Account of me & my wife) to ICICI Bank India (Joint Account of me & my father) which comes to $2590. I have an individual account in ICICI Bank India as well. Can I ask my father to transfer money from the ICICI Bank India (Joint Account of me & my father) to my individual account in ICICI Bank India or any other banks in Canada?
Or is there any other options please?

My father has $3571 in our joint account(me & my father). We are taking a gift from him for this amount.

My father sold a land in my name an year back & he did not deposit it in any banks, he had it in hand at home. Is that ok if he gifts me that money which comes to $9200?

So altogether it comes to $15361.

Can you kindly advise me.
 

Aragorn165

Champion Member
Sep 18, 2015
1,455
106
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It will be fine, as long as you can get a notarized statement from your father that he is gifting you the money, and does not expect you to return it to him.