Post ITA Proof of Funds - LOE For Some Transactions

[Islam.Shahin]

Dear All,

I have some transactions in my bank statements that the officer might question. I am preparing an LOE for that and I want to double check if I require any additional proofs. The transactions below are money I lent to my friends / brother and they gave them to me back:

1) AED 25,000 (equivalent of CAD 9140) were deposited to my account by my friend using an ATM. However, I have the statement and the transaction proving that I lent the money to him through online banking.
2) AED 10,000 (equivalent of CAD 3655) were transferred by my brother through online banking since I lent him that amount a while back. However, I do not have anything to prove I lent him the money.
3) AED 6,000 (equivalent of CAD 2195) were transferred by my brother through online banking as well since I lent him that amount a while back. However, I do not have anything to prove I lent him the money.

What do you think? Is it sufficient just to provide LOE? I am worried about refusal.

I appreciate your prompt feedback.

 

[hc_mum]

Dear All,

I have some transactions in my bank statements that the officer might question. I am preparing an LOE for that and I want to double check if I require any additional proofs. The transactions below are money I lent to my friends / brother and they gave them to me back:

1) AED 25,000 (equivalent of CAD 9140) were deposited to my account by my friend using an ATM. However, I have the statement and the transaction proving that I lent the money to him through online banking.
2) AED 10,000 (equivalent of CAD 3655) were transferred by my brother through online banking since I lent him that amount a while back. However, I do not have anything to prove I lent him the money.
3) AED 6,000 (equivalent of CAD 2195) were transferred by my brother through online banking as well since I lent him that amount a while back. However, I do not have anything to prove I lent him the money.

What do you think? Is it sufficient just to provide LOE? I am worried about refusal.

I appreciate your prompt feedback.

How many members are there in your application?
How old are these transactions?

For transactions from your brother, you can get a gift deed attached for the same.
Hopefully your average balance for last 6 months is close to minimum funds required then you will sail thru...

 

[Islam.Shahin]

How many members are there in your application?
How old are these transactions?

For transactions from your brother, you can get a gift deed attached for the same.
Hopefully your average balance for last 6 months is close to minimum funds required then you will sail thru...

I am the only applicant.

For the money I lent to my friend it was 4 months ago and the transaction is shown on my statement with his name that I sent the money to him. 2 weeks later, he deposited the exact same amount to me through ATM Machine.

 

[hc_mum]

I am the only applicant.

For the money I lent to my friend it was 4 months ago and the transaction is shown on my statement with his name that I sent the money to him. 2 weeks later, he deposited the exact same amount to me through ATM Machine.

Then it shouldn't be an issue. Just explain the transaction in LoE..

Just to be safe attach gift deed and you are good to go... .

I telling you to attach LoE and gift deed because IRCC is very particular about ensuring sufficient funds of the applicant.

Good luck

 

[Islam.Shahin]

Then it shouldn't be an issue. Just explain the transaction in LoE..

Just to be safe attach gift deed and you are good to go... .

I telling you to attach LoE and gift deed because IRCC is very particular about ensuring sufficient funds of the applicant.

Good luck

Thank you @hc_mum for your reply and help. I will attach a gift deed for the money I got from my brother.

Should I get one from my friend as well although I lent him the money?

Thank you again

 

[hc_mum]

Thank you @hc_mum for your reply and help. I will attach a gift deed for the money I got from my brother.

Should I get one from my friend as well although I lent him the money?

Thank you again

No need for gift deed from friend..

As you mentioned both in and out of money is within 4 months hence explain it in LoE and that's it.....