Thanks Asivad, I have one more question,
For PNP, is it must that we have to show $14853 funds for a family of two.
Depends on your program eligibility. If you're eligible for either both FSW & CEC or only FSW, Yes. If you're eligible for only CEC, No. It has also been shared in the forum that people who are already working in Canada can showcase their work authorization status, offer letter with salary details, pay stubs, T4s & NOAs along with any monies in the bank locally with a note explaining that they are already self-sufficient financially. This isn't a confirmed workaround though so it is prudent to showcase all the monies if the need arises in your specific case.
I can get a gift deed from my father but it comes in 3 types of scenarios as follows:
For the past one year, we have transferred money from ICICI Bank Canada (Joint Account of me & my wife) to ICICI Bank India (Joint Account of me & my father) which comes to $2590. I have an individual account in ICICI Bank India as well. Can I ask my father to transfer money from the ICICI Bank India (Joint Account of me & my father) to my individual account in ICICI Bank India or any other banks in Canada?
Or is there any other options please? Does it come under gift deed from my father or it will become my own savings?
My father has $3571 in our joint account(me & my father). We are taking a gift from him for this amount.
This is definitely doable and these will be considered your savings as your name features on the account. However, your father will also have to give you a signed self-declaration on a plain piece of paper (no gift deed/notarized affidavit required) that they have no reservations against you utilizing these funds from your joint account towards your POF purposes. That declaration along with a bank letter from ICICI Bank India containing all details required by CIC (or 6 months of bank statements duly signed and stamped by bank officials in lieu of that) would suffice provided there are no sudden unexplained and suspiciously large credits (say more than 2000 CAD in a single transaction) from an unknown source within the last 6 months in either the Canadian or Indian bank account as that might indicate borrowed funds. If you've transferred a large amount of funds at anytime within the last 6 months, you'll have to explain this by showing the corresponding debit entry from your Canadian account to rule out any suspicion on the officer's part.
My father sold a land in my name an year back & he did not deposit it in any banks, he had it in hand at home. Is that ok if he gifts me that money which comes to $9200?
This is also doable. These won't be regarded as your funds even though the property was in your name - too complicated to explain and too many loose ends so it isn't worth it. This can be explained as a gift from your father. Your father will have to provide a signed self-declaration on a plain piece of paper (no gift deed/notarized affidavit required) that these funds are a gift not a loan hence need not be returned to them at any point in time. They will have to deposit the funds into your bank account and you'll have to attach the paper trail of receiving those funds along with the gift letter and the letter from your bank which has all details required by CIC (or 6 months of bank statements duly signed and stamped by bank officials in lieu of that) would suffice provided there are no sudden unexplained and suspiciously large credits (say more than 2000 CAD in a single transaction) from an unknown source within the last 6 months in that particular bank account as that might indicate borrowed funds. That's it.
So altogether it comes to $15361.
Please brief me.