Help Conserning Proof Of funds

[SaadM]

Hello ,

I'm new to this forum and tried to read as much topic as i could before posting, but can't seem to find an answer.

Hope someone could Help :

I have a current loan (15k $) contracted 5 months ago that I'm still paying back.

I got my ITA 5 days ago and asked my father to transfer funds to my account as a gift (i will provide a certified document that it's a gift and that I'm not supposed to return it).

My questions are :

1 - Will my loan cause any problem?

2 - Will the document be enough?

3 - Will cic ask me to provide account statements for the last 6 months or a letter from my bank with the average and final amount enough? The letter should mention the Loan ?

4 - also, I stated that my wife has family in Canada (and it is the case), Is it mandatory to provide a proof concerning that fact ? can i change that after accepting ITA so I don't have to provide any documents since i don't think i can provide all the documents concerning her uncle?

thank you for your help

Best regards

 

[CanadaWeCome]

Hello ,

I'm new to this forum and tried to read as much topic as i could before posting, but can't seem to find an answer.

Hope someone could Help :

I have a current loan (15k $) contracted 5 months ago that I'm still paying back.

I got my ITA 5 days ago and asked my father to transfer funds to my account as a gift (i will provide a certified document that it's a gift and that I'm not supposed to return it).

My questions are :

1 - Will my loan cause any problem?
A: No.
2 - Will the document be enough?
A: Gift deed along with an LoE is enough
3 - Will cic ask me to provide account statements for the last 6 months or a letter from my bank with the average and final amount enough? The letter should mention the Loan ?
A: Bank Letter along with other CIC requirement is enough. If yo can provide statement it is ok else no need.
4 - also, I stated that my wife has family in Canada (and it is the case), Is it mandatory to provide a proof concerning that fact ? can i change that after accepting ITA so I don't have to provide any documents since i don't think i can provide all the documents concerning her uncle?
A: If you are not getting any points for it, no need to provide any documentation for that.
thank you for your help

Best regards

 

[SaadM]

Hello CanadaWeCome,

thanks for the time you took to answer me,

Some more clarifications are needed please :

LoE --> Letter of explanation ?

Bank Letter along with other CIC requirement --> What are the Other CIC requirements ?

The letter should mention the Loan ? or can i skip that part ? are they gonna check by calling te bank for exemple or by asking me for the bank statements in a second time ?

thanks a lot.

 

[CanadaWeCome]

Hello CanadaWeCome,

thanks for the time you took to answer me,

Some more clarifications are needed please :

LoE --> Letter of explanation ?
A: As the name suggests it should explain your situation about PoF
Bank Letter along with other CIC requirement --> What are the Other CIC requirements ?
A: Please read on CIC website.
The letter should mention the Loan ? or can i skip that part ? are they gonna check by calling te bank for exemple or by asking me for the bank statements in a second time ?
A: No need. They may call but loan has nothing to do with this.
thanks a lot.

 

[MZASAM]

Principal Applicant
1- Letter of Explanation
2- Affidavit, Settlement / Proof of Funds
3- Current Bank certification letter, Stating Indian Rupees & Equivalent CAN $
4- 6 Months Bank Statement
5- Salary Stubs Six Months

6- Father, Legal Gift Deed
7- Father, Affidavit
8- Father, Bank letter stating Indian Rupees & Equivalent CAN $
9- Father, Property, Net Worth Certificates from Chartered Accountant, Chartered Engineer

 

[svg_dxb]

One quick question as I'm in a similar situation!

With the Gift Deed & LOE regarding the source of funds from father, will they also ask for source of funds for parents or their bank statements as well?

Please suggest!

Thanks for the support!

 

[CanadaWeCome]

One quick question as I'm in a similar situation!

With the Gift Deed & LOE regarding the source of funds from father, will they also ask for source of funds for parents or their bank statements as well?

Please suggest!

Thanks for the support!

No

 

[svg_dxb]

No

Thanks!

For the Proof of funds, I'm withdrawing money from few investments like MF (Mutual Funds) & EPF in the name of Spouse (Provident Fund - Kind of fixed deposit) & Fixed Deposit in the name of my son. I can show the withdrawal letters and transfer to my bank account. What additional proof would be required? Will it be okay to suddenly deposit this amount into my account. EOD it is my funds, just that for this exercise, I'm consolidating the funds.

Please suggest!

 

[CanadaWeCome]

Thanks!

For the Proof of funds, I'm withdrawing money from few investments like MF (Mutual Funds) & EPF in the name of Spouse (Provident Fund - Kind of fixed deposit) & Fixed Deposit in the name of my son. I can show the withdrawal letters and transfer to my bank account. What additional proof would be required? Will it be okay to suddenly deposit this amount into my account. EOD it is my funds, just that for this exercise, I'm consolidating the funds.

Please suggest!

Attach all the transaction/transfer/liquidation receipts/slips etc...for proof that these are your funds from various investments that have been liquidated to show unencumbered PoF. Attach an short LoE (if required) to explain all that for the VO.