POF CONFUSION AGAIN !!!

[kartikbhatia]

HI EVERYONE

I HAVE BIG CONFUSION

I HAVE MY INVESTMENTS IN MUTUAL FUNDS (PAKISTAN) ITS MORE THEN 12300 CANADIAN DOLLARS AND THEY ARE INVESTED IN EQUITY

NOW CAN I PROVIDE THOSE ACCOUNT STATEMENTS AS PROOF OF FUNDS ? AS THEY ARE EASILY CASHABLE ANY TIME

OR

DO I HAVE TO PUT THAT 12300 INTO MY BANK ACCOUNT AND WAIT FOR 6 MONTHS ?

OR

IF FATHER GIFT 12300 TO HIS SON THEN IS THAT ACCEPTABLE ? LETS SAY I GET ITA TODAY AND MY FATHER GIVES ME 12300 NEXT DAY AS GIFT CAN I SUBMIT THAT TO CIC OR DO I HAVE TO WAIT 6 MONTHS FOR THAT AS WELL ?

PLEASE CLEAR ME THESE 3 SCENERIOS ABOVE

please advise ??


THANKS

 

[GokulGuruprasad]

HI EVERYONE

I HAVE BIG CONFUSION

I HAVE MY INVESTMENTS IN MUTUAL FUNDS (PAKISTAN) ITS MORE THEN 12300 CANADIAN DOLLARS AND THEY ARE INVESTED IN EQUITY

NOW CAN I PROVIDE THOSE ACCOUNT STATEMENTS AS PROOF OF FUNDS ? AS THEY ARE EASILY CASHABLE ANY TIME

OR

DO I HAVE TO PUT THAT 12300 INTO MY BANK ACCOUNT AND WAIT FOR 6 MONTHS ?

OR

IF FATHER GIFT 12300 TO HIS SON THEN IS THAT ACCEPTABLE ? LETS SAY I GET ITA TODAY AND MY FATHER GIVES ME 12300 NEXT DAY AS GIFT CAN I SUBMIT THAT TO CIC OR DO I HAVE TO WAIT 6 MONTHS FOR THAT AS WELL ?

PLEASE CLEAR ME THESE 3 SCENERIOS ABOVE

please advise ??


THANKS

Mutual funds are not acceptable as they are
In case you liquidate the mutual funds and put the into your account, it is acceptable (please ensure to write an LoE stating that the funds are from liquidation of mutual funds)
You can take the money from your dad as well (ensure that you have a notarized gift deed from your dad to you)

 

[kartikbhatia]

Mutual funds are not acceptable as they are
In case you liquidate the mutual funds and put the into your account, it is acceptable (please ensure to write an LoE stating that the funds are from liquidation of mutual funds)
You can take the money from your dad as well (ensure that you have a notarized gift deed from your dad to you)

Thank you for your reply~

so MUTUAL funds are not acceptable i have to transfer those funds into my account and show pof

now lets come to father is giving me money , do i have to keep that money for 6 months ?? suppose i make EE profile today and after 4 months i get ita... so can i put funds after receiving ita ?

 

[kartikbhatia]

any one please help

 

[kartikbhatia]

i have received ita but i dont have 12300 funds into my bank account.

can my father gift me those funds and i deposite that money in my account and submit bank stament ?

 

[DelPiero07]

Yes.

You will need a declaration from your father that the money is a gift and not a loan plus proof of transfer.

 

[kartikbhatia]

Yes.

You will need a declaration from your father that the money is a gift and not a loan plus proof of transfer.

I have seen few posts that they got rejected because funds were not 6months old


em confused !

 

[DelPiero07]

I have seen few posts that they got rejected because funds were not 6months old


em confused !

I haven't seen a single post like that even after reading all 300+ pages of "reasons for rejection"

There isn't a rule either in the IRCC website that states something like that either.

 

[Omidahomie]

Hi guys, does the Pof letter have to be singed or stamped by the bank ? I guess stamped . and if it mentions avaerage balance and credit cards or any loans plus all information of current account details than is still a statement required ? Also I work at a bank so I can prepare these my self. Please advise.

 

[Mumbai_Maratha]

I haven't seen a single post like that even after reading all 300+ pages of "reasons for rejection"

There isn't a rule either in the IRCC website that states something like that either.

Bravo for exact answer

 

[kartikbhatia]

I haven't seen a single post like that even after reading all 300+ pages of "reasons for rejection"

There isn't a rule either in the IRCC website that states something like that either.

may be its avg balance needs to be maintained for 6 months of 12300

I read somewhere that if suddenly 12300 comes into ur account CIC raises red flag..so in this situation what should i do ? what docs i have to provide to cic ?

 

[DelPiero07]

may be its avg balance needs to be maintained for 6 months of 12300

I read somewhere that if suddenly 12300 comes into ur account CIC raises red flag..so in this situation what should i do ? what docs i have to provide to cic ?

The bolded part is also incorrect.

Yes, a lump sum amount for which the applicant is unable to account for will raise suspicion, thus, when getting money from a family member one has to get a letter stating that the money is a gift and proof of transfer so the IRCC officer knows where this money is coming from.

 

[kartikbhatia]

The bolded part is also incorrect.

Yes, a lump sum amount for which the applicant is unable to account for will raise suspicion, thus, when getting money from a family member one has to get a letter stating that the money is a gift and proof of transfer so the IRCC officer knows where this money is coming from.

OMG...you are champion...

Sorry if i pissed you off..

on whats app groups ppl are creating panic that funds needs to be in account for the period of 6 months if its less then that even after you receive ita you will be rejected.

 

[UnleashedFX]

on whats app groups ppl are creating panic that funds needs to be in account for the period of 6 months if its less then that even after you receive ita you will be rejected.

I really really really hope that you guys are right... I literally can't eat or sleep because of this issue.

 

[kartikbhatia]

I really really really hope that you guys are right... I literally can't eat or sleep because of this issue.

lets see and wait for other people comments