POF : 1k250 CAD self deposited recently , is it a big amount ?

[tanit]

hi guys

am really confused , I recently deposited in my bank account 1250 CAD to achieve the minimum needed for the pof eAPR phase , do I have to worry about CIC asking about this deposit ?
am self employed Architect and I will mention in the LOE that this deposit is my cashflow that am using to fulfill the requirements of pof

plz advice

 

[prkartik]

Hi,
My suggestion is to get a gift deed from someone. because you should not borrow money from someone to fulfill your POF requirement.

Money should be yours and minimum six months old. you may need to provide source of funds if its not yours or got deposited with in six months.

 

[tanit]

thx mate for the answer

but i think you misunderstanding the 6 months rule (it's not about having the money there for 6months, it's just about monitoring big changes in funds).

anyhow , I think I will be using a reference letter from the client mentionning the services given , the amount (1250) and the payment formalities (cash).
think it would be safer !