Proof of Funds

[le_eddz]

Hi,
I'm currently an international student in Canada and recently took my IELTS test and gathered enough points for PR (455 points as per CRS calculator). Last year I submitted my father's bank statement as proof of funds for my study permit and all worked out, but now that I opened an account this year at TD Canada Trust, I asked my parents to send my savings from my home country to my account so I have a minimum of $12K for proof of funds. The problem is that I'll be applying in 2 months after graduation, so the "6-month statement average" won't be a big number since I'm receiving the amount soon. How can I prove to them that I got the amount from my parents and that I'm financially supported by them too? I really don't want my application to be rejected. Thank you.

 

[santhkum90]

Hi,
I'm currently an international student in Canada and recently took my IELTS test and gathered enough points for PR (455 points as per CRS calculator). Last year I submitted my father's bank statement as proof of funds for my study permit and all worked out, but now that I opened an account this year at TD Canada Trust, I asked my parents to send my savings from my home country to my account so I have a minimum of $12K for proof of funds. The problem is that I'll be applying in 2 months after graduation, so the "6-month statement average" won't be a big number since I'm receiving the amount soon. How can I prove to them that I got the amount from my parents and that I'm financially supported by them too? I really don't want my application to be rejected. Thank you.

You have to get a gift deed document from your parents, that they have gifted the money to you and it is not a loan.

 

[le_eddz]

You have to get a gift deed document from your parents, that they have gifted the money to you and it is not a loan.

Thanks. Is this the correct one that my parents should use?
https://www.canadavisa.com/canada-immigration-discussion-board/threads/proof-of-funds-gift-deed-timeline.521310/#post-6464990

 

[santhkum90]

Thanks. Is this the correct one that my parents should use?
https://www.canadavisa.com/canada-immigration-discussion-board/threads/proof-of-funds-gift-deed-timeline.521310/#post-6464990

This is an additional letter. Your parents have to get an affidavit which is a notorized document. Search how to get an affidavit from your location.

 

[le_eddz]

This is an additional letter. Your parents have to get an affidavit which is a notorized document. Search how to get an affidavit from your location.

So is it an affidavit or a gift deed letter if it's my parents who sent me my savings by wire transfer?

 

[santhkum90]

So is it an affidavit or a gift deed letter if it's my parents who sent me my savings by wire transfer?

If you can prove beyond doubt that it is your money, then the letter in your previous answer would suffice. If you don't have enough proof, then you better get a gift deed.

 

[le_eddz]

If you can prove beyond doubt that it is your money, then the letter in your previous answer would suffice. If you don't have enough proof, then you better get a gift deed.

Thanks!