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Sufficient PoF or declining ITA?

maypassion89

Member
May 4, 2018
14
1
Hello all.

Hope someone can take the time to answer my inquiry.

I got my ITA on April 25th draw so that means I have until July 23rd to decline or accept.

Now, about my funds, as today I have 12,300 CAD which is not enough to show as PoF, in July's statement (2nd of July) i will have 13,500 CAD, which will finally be sufficient to meet the minimum requirement (and will increase steadily with at least 1000 CAD monthly).

I am a bit worried about the bank certificate , because according to CIC requirements, the certificate must show the average of the total 6 months balance and that would be around 10,000 CAD.

Do you think I should decline the ITA and buy me some time until the average of 6 months balance goes over 12,500 CAD or maybe I can just attach a LoE stating that I have unrestricted access to the money and will be increasing steadily monthly?

All the income comes from my salary and my CRS is 450 so I might have a good chance to get invited in the next draw after declining.

Thank you for your answer.
 

Maverick28

VIP Member
Feb 5, 2017
3,122
823
Canada
Hello all.

Hope someone can take the time to answer my inquiry.

I got my ITA on April 25th draw so that means I have until July 23rd to decline or accept.

Now, about my funds, as today I have 12,300 CAD which is not enough to show as PoF, in July's statement (2nd of July) i will have 13,500 CAD, which will finally be sufficient to meet the minimum requirement (and will increase steadily with at least 1000 CAD monthly).

I am a bit worried about the bank certificate , because according to CIC requirements, the certificate must show the average of the total 6 months balance and that would be around 10,000 CAD.

Do you think I should decline the ITA and buy me some time until the average of 6 months balance goes over 12,500 CAD or maybe I can just attach a LoE stating that I have unrestricted access to the money and will be increasing steadily monthly?

All the income comes from my salary and my CRS is 450 so I might have a good chance to get invited in the next draw after declining.

Thank you for your answer.
If you have sufficient balance and the source of the increase in funds is a legit one, you can go ahead with the application submission.
 

everbliss

Star Member
Feb 12, 2018
60
29
If it's your salary that'll increase your funds to one enough for PoF, then there should be absolutely no problem!