Hi
@legalfalcon
Hello. I am seeking advice on my Express Entry application. I have an AoR of 2nd December 2020 (FSW-Inland). I received a letter from IRCC asking for revised bank letters. I will be uploading those this week. These bank letters detail the PoF in my bank account from my home country.
However, my question is regarding my Canadian bank account. I intend to include a letter from CIBC about my account here in Canada. However, in recent weeks I had one large transaction (about CAD 20k) where I received money from my country (from my father) and loan it to my friend here in Canada. Beyond that, my account is fine. I have no loans and I only have one $500-limit credit card which I pay on time.
My question is: how do I explain the Canadian bank account's ONE large transaction? Or alternatively, can I not include the Canadian bank account and rely on the PoF bank letters that I included in my original application.
Just some numbers. I am showing PoF of CAD $26,000 which I've held in one single bank account since mid-2019 as USD.
I would really appreciate some legal advice/insight into this. I am more than happy to discuss terms if you feel this is a complicated issue.