Hello guys! 
I hope making this thread can help the recent applicants for EE - 2k18. Thank you in advance for the senior members, who will be helping us by sharing their experience and knowledge about the process.
I'm a prospective applicant for Express Entry - 2018 as I still haven't made a profile yet. Recently got my ECA done by WES and got positive assessment. Now I am moving towards collecting various documents needed for the process and one of which is Proof of Funds.
Doubts:
- Does CIC ever ask the applicant to provided bank statements older than 6 months? If so, then how old? A year?
- I've heard that CIC also accepts gift deeds from siblings/parents. What if the money has been transferred and have stayed in the primary applicant's account for more than 6 months. Do we still require gift deed?
- Can a personal loan taken about 6 - 8 months prior to the day we generate bank statements be shown as proof of funds?
- What if a person has been saving money from his personal business say, 4-5 lakh as cash and now he wants to show it as funds? How can he show such money as his PoF?
- I believe CIC can also accept Fixed Deposits as proof of funds. What if such cash amount or the loan amount be put in fixed deposit and made it stay there for more than 6 months? Could it be shown as PoF?
I hope making this thread can help the recent applicants for EE - 2k18. Thank you in advance for the senior members, who will be helping us by sharing their experience and knowledge about the process.
I'm a prospective applicant for Express Entry - 2018 as I still haven't made a profile yet. Recently got my ECA done by WES and got positive assessment. Now I am moving towards collecting various documents needed for the process and one of which is Proof of Funds.
Doubts:
- Does CIC ever ask the applicant to provided bank statements older than 6 months? If so, then how old? A year?
- I've heard that CIC also accepts gift deeds from siblings/parents. What if the money has been transferred and have stayed in the primary applicant's account for more than 6 months. Do we still require gift deed?
- Can a personal loan taken about 6 - 8 months prior to the day we generate bank statements be shown as proof of funds?
- What if a person has been saving money from his personal business say, 4-5 lakh as cash and now he wants to show it as funds? How can he show such money as his PoF?
- I believe CIC can also accept Fixed Deposits as proof of funds. What if such cash amount or the loan amount be put in fixed deposit and made it stay there for more than 6 months? Could it be shown as PoF?