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Proof of funds query

blondieyo

Star Member
Jan 21, 2020
147
139
So I have received my invitation to apply and am putting together all my supporting documents and am now concerned about the proof of funds. I hold 2 bank accounts in Australia and 2 accounts in Canada. I was planning on submitting proof of funds from my 2 Canadian accounts which will be sufficient but nothing from my Australian accounts as I'm currently in Canada and getting the required letter will be troublesome.
My only issue is that in order to meet the proof of funds amount, I transferred money across from one of my Australian accounts to one of my Canadian accounts recently. Is this likely to be an issue and will I have to show that I have funds in Australia too to substantiate the reason for the transfer?
My second issue is that I received an inheritance into one of my Australian accounts which allowed the previous transfer to my Canadian account putting me over the limit, will I need to substantiate that also with a gift deed and should I include that in the initial document submitted or wait for them to request it?
 

babsizkil

Hero Member
Dec 18, 2016
529
99
So I have received my invitation to apply and am putting together all my supporting documents and am now concerned about the proof of funds. I hold 2 bank accounts in Australia and 2 accounts in Canada. I was planning on submitting proof of funds from my 2 Canadian accounts which will be sufficient but nothing from my Australian accounts as I'm currently in Canada and getting the required letter will be troublesome.
My only issue is that in order to meet the proof of funds amount, I transferred money across from one of my Australian accounts to one of my Canadian accounts recently. Is this likely to be an issue and will I have to show that I have funds in Australia too to substantiate the reason for the transfer?
My second issue is that I received an inheritance into one of my Australian accounts which allowed the previous transfer to my Canadian account putting me over the limit, will I need to substantiate that also with a gift deed and should I include that in the initial document submitted or wait for them to request it?
It all depend on you. Either bank account in Canada or Australia is fine. I believe most banks are now operating internet and phone banking. If that's something you can do for Australia account. Are you invited under Canadian Experience Class or you’re authorized to work in Canada and have a valid job? If yes, you don't need proof of funds. Otherwise, you need to proof funds will be readily available to you for FSWC or FSTC. If you're unable to get bank letter for Australia account, you can write a LOE to explain the same to IRCC. There's no issue if the fund in your bank account go over the minimum. It's even better that way.
 

blondieyo

Star Member
Jan 21, 2020
147
139
It all depend on you. Either bank account in Canada or Australia is fine. I believe most banks are now operating internet and phone banking. If that's something you can do for Australia account. Are you invited under Canadian Experience Class or you’re authorized to work in Canada and have a valid job? If yes, you don't need proof of funds. Otherwise, you need to proof funds will be readily available to you for FSWC or FSTC. If you're unable to get bank letter for Australia account, you can write a LOE to explain the same to IRCC. There's no issue if the fund in your bank account go over the minimum. It's even better that way.
I'm currently working in Canada on a professional visa that expires later this year that had a LMIA completed for it, I'm applying under the express entry skilled workers class. I have income from my work as well but it still says I need proof of funds on my checklist of documents as I didn't tick that I had a job offer upon completion of permanent residency.

I talked to a few other people and they noted that I should include in the LOE that goes with my application the funds situation and screenshots of Australian accounts noting that I can't get the letter sent over. If I do this would they be likely to reject my application or ask for further details instead?