+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

proof of funds... what are the possibilities!!!

swsood1686

Hero Member
Mar 17, 2015
324
61
Canada
Category........
PNP
Visa Office......
London
NOC Code......
4021
App. Filed.......
06 -Jan - 2016 (OINP)
Doc's Request.
19 -Nov -2016 (OINP)
Nomination.....
30 -Nov -2016 (OINP)
AOR Received.
19 - Feb - 2017 (eApr)
Interview........
NA
Passport Req..
15-08-2017
Can any one advise on the possibilities of showing Proof of funds if one do not have history in the past 6 months meeting the eligibility criteria??
:(
 

Asivad Anac

VIP Member
May 27, 2015
10,630
1,398
Job Offer........
Pre-Assessed..
swsood1686 said:
Can any one advise on the possibilities of showing Proof of funds if one do not have history in the past 6 months meeting the eligibility criteria??
:(
CIC doesn't ask for 6 month bank statements. They do ask for 6 months average balance. And the reason for that is simple - they want to be reassured that the funds aren't temporarily borrowed to show as POF. If you can convincingly prove to CIC that these funds are available to you and not borrowed, you don't need 6 month history.
 

Neetz

Full Member
Feb 17, 2015
31
0
Asivad Anac said:
CIC doesn't ask for 6 month bank statements. They do ask for 6 months average balance. And the reason for that is simple - they want to be reassured that the funds aren't temporarily borrowed to show as POF. If you can convincingly prove to CIC that these funds are available to you and not borrowed, you don't need 6 month history.
Hello Asivad, my father has transferred money to my account and i have done fixed deposits with that money. My question is, is there a time limit for the money to be there in your bank account? Do i need to submit a letter from confirming that its not a temporary loan? Kindly advise.
 

Asivad Anac

VIP Member
May 27, 2015
10,630
1,398
Job Offer........
Pre-Assessed..
Neetz said:
Hello Asivad, my father has transferred money to my account and i have done fixed deposits with that money. My question is, is there a time limit for the money to be there in your bank account? Do i need to submit a letter from confirming that its not a temporary loan? Kindly advise.
If it was transferred more than 6 months ago, it won't be a problem.

If it was within the last 6 months, get a signed self-declaration from your father mentioning transaction details and explicitly stating that this was a gift and not a loan hence need not be returned to them.
 

Neetz

Full Member
Feb 17, 2015
31
0
Thank you for your prompt response. Yes, it was done within 6 months time period.

I have already applied for OOPNP and for that i did not submit any letter related mentioning about the funds as ab gift. Should that be problem? Do you think it will be a good idea to send a mail to Ontario Immigration about it now? Kindly advise.
 

Asivad Anac

VIP Member
May 27, 2015
10,630
1,398
Job Offer........
Pre-Assessed..
Neetz said:
Thank you for your prompt response. Yes, it was done within 6 months time period.

I have already applied for OOPNP and for that i did not submit any letter related mentioning about the funds as ab gift. Should that be problem? Do you think it will be a good idea to send a mail to Ontario Immigration about it now? Kindly advise.
Probably yes. Though I imagine that isn't a deciding factor in your OOPNP application process, it wouldn't hurt to let them know that you've been extended a gift.
 

Neetz

Full Member
Feb 17, 2015
31
0
Thank you for answering. i was wondering if sent now, it may trigger something else, makes OOPNP suspicious :( If it isnt much of a concern for OOPNP, do you think its a good idea to stay quiet at this time and then if nomination received, informing them about the same? Your inputs will be helpful here. Thank you!
 

Asivad Anac

VIP Member
May 27, 2015
10,630
1,398
Job Offer........
Pre-Assessed..
Neetz said:
Thank you for answering. i was wondering if sent now, it may trigger something else, makes OOPNP suspicious :( If it isnt much of a concern for OOPNP, do you think its a good idea to stay quiet at this time and then if nomination received, informing them about the same? Your inputs will be helpful here. Thank you!
It won't cause suspicions or anything of that sort. It's just supplementary documentation. Like how some people might be sending out a missing ECA report or IELTS score card or whatever else.

Having said that, its your call. Its certainly not a mandatory inclusion. MCIIT hasn't declared anything about post-PT selection procedure guidelines either. I imagine this won't be the make-or-break in your application process. So strictly voluntary action, not mandatory.

All the best!
 

Neetz

Full Member
Feb 17, 2015
31
0
Thank you very much for your assistance here. i will discuss this with my spouse and take a call. Thank you once again!
 

areva

Star Member
Nov 26, 2014
117
3
I want to know is it possible to evaluate my real estate and show it as proof of funds? Thanks in advance for anwser.
 

sbrs2010

Hero Member
Jul 19, 2015
409
70
Category........
NOC Code......
1212
Job Offer........
Pre-Assessed..
Real estate is not liquid asset and hence cannot be used for Proof of funds