Thanks. The minimum funds should be maintained for 6 months prior to profile creation or ITA?
Yes, Fixed Deposits in the primary applicant's name are considered as settlement funds. You will have to submit copies of FD Advices/Receipts stamped by the bank as proof.vaibhav007us said:Do Fixed Deposits (which can be easily liquated) considered for proof of funds?
The reason for asking 6 months statement is to ensure that the applicant has not taken a loan borrowed money to show as POF. As long as you can prove that the funds did not originate from loan or borrowed money, it is not necessary to have the FD to be 6 months old.vaibhav007us said:Thanks. The minimum funds should be maintained for 6 months prior to profile creation or ITA?
Hi Stanlee,Stanlee said:Yes, Fixed Deposits in the primary applicant's name are considered as settlement funds. You will have to submit copies of FD Advices/Receipts stamped by the bank as proof.
Additionally, you also need a letter from your bank, commonly referred to as a Balance Certificate.
The reason for asking 6 months statement is to ensure that the applicant has not taken a loan borrowed money to show as POF. As long as you can prove that the funds did not originate from loan or borrowed money, it is not necessary to have the FD to be 6 months old.
Preferably, it should be in the name of primary applicant. If the FDs are in the name of spouse who is a co-applicant in your PR application, then you need to submit a Self Declaration signed by your spouse. Spouse should state in the declaration that he/she is a co-applicant in your PR application and the FDs under question (provide details) are to be used for migration purposes for you as a family and he/she does not have any objection for the same. Also, submit an LOE for POF mentioning these details._Aspirant said:Hi Stanlee,
What if the FDs are in Spouse's name (co-applicant's name)? Would that suffice provided an LOE?
Thanks
One more question. These FDs are in my wife's name and they are running from before our marriage. There are 4 FDs and combining them give me a substantial amount to contribute to the total funds. As I said they were done before my marriage by my wife's father and in the name of my wife so all the FDs are stated as: My Wife's name d/o My father in laws name. He already gave these FDs to us and told us that we can use them as and when we like. He doesn't have any objection.Stanlee said:Preferably, it should be in the name of primary applicant. If the FDs are in the name of spouse who is a co-applicant in your PR application, then you need to submit a Self Declaration signed by your spouse. Spouse should state in the declaration that he/she is a co-applicant in your PR application and the FDs under question (provide details) are to be used for migration purposes for you as a family and he/she does not have any objection for the same. Also, submit an LOE for POF mentioning these details.
If they're more than 6 months old, you shouldn't need a letter from your father-in-law._Aspirant said:One more question. These FDs are in my wife's name and they are running from before our marriage. There are 4 FDs and combining them give me a substantial amount to contribute to the total funds. As I said they were done before my marriage by my wife's father and in the name of my wife so all the FDs are stated as: My Wife's name d/o My father in laws name. He already gave these FDs to us and told us that we can use them as and when we like. He doesn't have any objection.
Now, would a single letter from my wife suffice or I should get a letter from my father in law as well stating that he doesn't have any problem?
Or I should make some changes in FDs like adding my name or dissolve them and have that amount in my account.
I do not want to go for the second option as I have already talked to the banks and adding my name would require dissolving the FDs and start them fresh. We would loose interest and you know the taxation burdens we have in India to play with such a hefty amount.
As always, I am grateful to your advice.
Thanks
Yes they are:istari said:If they're more than 6 months old, you shouldn't need a letter from your father-in-law.
It definitely shouldn't be a problem then._Aspirant said:Yes they are:
Oldest from 2010.
Youngest from 2013.
Thanks a ton. It puts me at ease. ;Distari said:It definitely shouldn't be a problem then.
The FDs can be in your wife's name, you need not liquidate it. As mentioned above, get the Bank Certificate/Balanace Certificate on bank letter head, copy of FD Advice/Receipts stamped by the bank, self declaration signed by your wife and a Letter of Explanation._Aspirant said:One more question. These FDs are in my wife's name and they are running from before our marriage. There are 4 FDs and combining them give me a substantial amount to contribute to the total funds. As I said they were done before my marriage by my wife's father and in the name of my wife so all the FDs are stated as: My Wife's name d/o My father in laws name. He already gave these FDs to us and told us that we can use them as and when we like. He doesn't have any objection.
Now, would a single letter from my wife suffice or I should get a letter from my father in law as well stating that he doesn't have any problem?
Or I should make some changes in FDs like adding my name or dissolve them and have that amount in my account.
I do not want to go for the second option as I have already talked to the banks and adding my name would require dissolving the FDs and start them fresh. We would loose interest and you know the taxation burdens we have in India to play with such a hefty amount.
As always, I am grateful to your advice.
Thanks
You will need Police Certificates from Saudi Arabia and Pakistan. Please refer to the below extract from CIC website.FBack54 said:Experts,
I'm filling out my online application and my document checklist has "police certificates (multiple) (required)" even though I haven't lived in any country other than Canada for more than 6 months consecutively since turning 18. I have spent more than 6 months in aggregate in Saudi Arabia and Pakistan, but not in one go. Why am I being asked for police certificates? Is this just a standard part of the document checklist?
Also, are we not required to upload our CELPIP test results? That is not on my checklist either. Really appreciate any advice you may have.
Thanks Stanlee.Stanlee said:The FDs can be in your wife's name, you need not liquidate it. As mentioned above, get the Bank Certificate/Balanace Certificate on bank letter head, copy of FD Advice/Receipts stamped by the bank, self declaration signed by your wife and a Letter of Explanation.
In my personal opinion, even if the above funds is sufficient to meet the fund requirements, would suggest you to show some contribution to POF in terms of your savings account statements, salary account statements as you are the primary applicant.
All the best!
This isn't a silly question; many people have been very confused by CIC's ambiguous phrasing.jimmy2times said:Hello experts,
I have what many might think is a silly question. Nevertheless, here goes:
I wanted some clarity on what counts as continuous work-experience. My profile:
2.5years of continuous, full-time, paid work-ex
2 year break to complete my MBA
4 years of continuous, full-time, paid work-ex
So, a total of 6.5 years but does CIC take into account only the last 4 years?
Thanks in advance!
-Jimmy