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Feb 17, 2020
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I recently received my ITA. I don't have sufficient funds currently in my salary account.For showing PoF, I am planning to get a gift deed from my dad. I also have a personal loan going for which was taken for some investment purpose. Will the loan hamper my PR application? Also do I need to give explanation regarding why I took the personal loan and provide documents related to my investment?
 
I recently received my ITA. I don't have sufficient funds currently in my salary account.For showing PoF, I am planning to get a gift deed from my dad. I also have a personal loan going for which was taken for some investment purpose. Will the loan hamper my PR application? Also do I need to give explanation regarding why I took the personal loan and provide documents related to my investment?
Gift deed means that your father have already sent you the money and it’s in your bank account, and the deed is only to show why suddenly you have some money. You need to declare your debts and loans, but per IRCC, your funds can’t be from loans.