Proof of Fund Inquiry

[Naturgrl]

I’m 27 the sponsor is my dad. The money was in a business account up until 2025 before being transferred to his personal account. These are the reasons for refusal:

Partial tuition payment noted. Proof of funds on file provided. Financial information is not supported with sufficient evidence for the bank statement balances on file. Limited evidence pertaining to the source on stated funds.


Bank statement shows lump sum deposits, poorly documented and there is insufficient evidence showing how these savings were accumulated. Provenance of these funds is not clearly documented. In the absence of satisfactory documentation showing the source of these funds, I am not satis that the applicant has sufficient and available financial resources to pay the tuition fees for the program of studies that they intend to pursue and to pay for living expenses while in Canada.

So are you now showing $21k plus tuition in a personal bank account wit 4 months of statements and no stranger transactions. For any deposit are you including a verified paper trail. If so reapply.

 

[Maguire27]

N

So are you now showing $21k plus tuition in a personal bank account wit 4 months of statements and no stranger transactions. For any deposit are you including a verified paper trail. If so reapply.

No im showing another bank statement belonging to my father with clearer trail of transactions

 

[Naturgrl]

N

No im showing another bank statement belonging to my father with clearer trail of transactions

As long as it is a personal account with his name only and shows the $21k plus tuition then reapply.

 

[Maguire27]

okay, thank you. The only thing is the funds in this account is in fixed deposit and the certificate already says funds can be liquidated at any time; there is a 25% penalty on the interest should it be liquidated before the maturity date.

 

[Naturgrl]

okay, thank you. The only thing is the funds in this account is in fixed deposit and the certificate already says funds can be liquidated at any time; there is a 25% penalty on the interest should it be liquidated before the maturity date.

That may or may not be an issue as long as it meets the $22k, tuition and 25% penalty. When do they mature?