Proof of funds-

[cruisefresh]

I received ITA in December 2016. I am struggling with my Proof of Funds. I am single so the minimum amount I want to show is CAD 12000 which is USD 11000.

I am from Pakistan and studying in the US for the past two years. I have a $25,000 educational loan in Pakistan and $30,000 loan in the US. I am thinking of only showing my US account loan as $25,000 (is co-borrowed with my parents). Is it ok, if I show $20000 in my account as proof of funds? The $20000 is not my own but my parents are giving it to me as a gift. So I will show this with a gift deed.

Please tell me if I am on the right path?

 

[Escobar Gaviria]

As far as I know, Loan money can't be used as proof of funds. You can either show gift deed from parents or borrow money, put in your account for 6 months and get the statement.

I am in the same boat though. Pakistani, Single, in the US, awaiting ITA in next few months.

Would be nice to hear what others here have to say.

 

[sappy486]

Since you have received ITA already the only possible solution you have now is to show gifted funds.
You cannot show loans as POF.

 

[cruisefresh]

Let me rephrase this- I am not going to show my loans as proof of funds. However, CIC wants us to declare the liability we carry and I am not sure if I should show both the US loan and Pakistan Loan.

Thank you!

 

[cruisefresh]

Any suggestions? Please help.

 

[Batman_is_Real]

Check this out.

http://www.canadavisa.com/canada-immigration-discussion-board/thank-you-asivad-anac-t309073.0.html;msg5687592#msg5687592

Students loan doesn't need to be showed.

As far as Gift Deed I think there are couple of thread you can check.

 

[Escobar Gaviria]

Can you please post link to any of such threads?

I am expecting ITA in the next draw and really need this POF thing sorted out.