Proof of funds.

[Canada822]

My funds was given by my father and he made a declaration that it is a non refundable grant and won't be returned. Now, I have my bank statement showing the required money and the transactions that took place. Do I also need to upload my father's bank statement?

 

[Maverick28]

My funds was given by my father and he made a declaration that it is a non refundable grant and won't be returned. Now, I have my bank statement showing the required money and the transactions that took place. Do I also need to upload my father's bank statement?

Not required.

 

[AWD]

A quick question - do we need to send last 6 months banks statement if we have a letter from bank indicating average balance for six months? Does cic ask for detailed statements although bank has issued letter?

 

[Maverick28]

A quick question - do we need to send last 6 months banks statement if we have a letter from bank indicating average balance for six months? Does cic ask for detailed statements although bank has issued letter?

If the avg of last six months is above the LICO (minimum amount required), then no need of statements.

 

[AWD]

If the avg of last six months is above the LICO (minimum amount required), then no need of statements.

Actually, I am inquiring for my brother who has a personal loan running in a different bank but emi is being debited from account where balance is maintained. Personal loan was taken almost 2 years back and have an outstanding due of 10K CAD. Account balance is maintained at 14K CAD and we have letter from bank indicating last 6 months balance without any outstanding dues or loan. My brother has received ITA, so was thinking of avoiding disclosing loan details.

 

[AWD]

Your thoughts?

 

[Maverick28]

Actually, I am inquiring for my brother who has a personal loan running in a different bank but emi is being debited from account where balance is maintained. Personal loan was taken almost 2 years back and have an outstanding due of 10K CAD. Account balance is maintained at 14K CAD and we have letter from bank indicating last 6 months balance without any outstanding dues or loan. My brother has received ITA, so was thinking of avoiding disclosing loan details.

Like I said before, if your brother has to show 12,300 CAD as required funds and his avg balance of last six months is more or less the same, then only the bank letter will be more than enough.