Hi Asivad Anac
I have been waiting for an answer in other pages, but have yet any reply.
In fact I have an issue here to be settled soon. Please help
Background:
Switching to my wife as PA, since her CRS is better than mine for OOPNP
Situation:
1. The money is under my personal account. But now I created a joint account under my name and my wife's name.
2. The sum of money right now reached at approx. CAD19,500 was accumulated from my salary each month since August 2015, and we never touch the money - because we have other sources for living, and it will be accumulated each month.
3. Then I will transfer the money to our joint account
Questions:
- What should I do to complete this action at the bank?
Transfer the money to the joint account.
- If I must provide Letter of Explanation (LoE), any advice about the format?
- Do I need to include the transaction history of my personal account (including the date I transferred to joint account) too?
Yes. In fact, this case is different from a regular 'gift' scenario as both account have your name on them. You'll have to conclusively prove that the monies in your personal account weren't borrowed from anyone. So in addition to the bank letter for the joint account, you'll also have to provide a letter from the bank (where you have your personal account) which has all details required by CIC including 6 months average balance or 6 months of bank statements in lieu of that. The onus is on you to prove that the monies in your personal account weren't borrowed - this would be easy to demonstrate if there were no suspiciously large credit transactions in that account in the last 6 months.
- Would be it okay if the money is not averagely 18,650 (for 3 persons) each month?
Not a problem.
- After that, to make a bank statement (PoF), what are the information that need to be included / stated by the bank in the letter?
You need your bank to provide account details, date of opening, current balance and 6 months average balance on their letterhead. This letter would be signed /stamped by bank authorities and the letterhead must include contact details of the bank. If the bank cannot provide 6 months average balance, you'll need to submit 6 months of bank statements (counting back from the date of your application submission) duly signed/stamped by bank authorities.
- [Silly question], when provide this PoF: During my application in OOPNP? or after ITA (CIC)?
For both of them. For now, focus on sending stuff to OINP. Read the Application Guide for more details.
many thanks. I hope my questions also benefits to others.