Proof of Funds (Express Entry)
- Thread starter ThisIsHoof
- Start date
Do exactly as instructed by CIC in your personalized checklist. If they ask only for bio data pages, provide just those.joshi123 said:
Dear Asivad,
At first , appreciate your helping attitude. Wish you will get reward for your endeavor soon.
Now my questions are:
1) In your earlier reply you have stated that if i make my spouse account as a joint account with me, then a self-declaration from my spouse is better to state that she has no objection against the funds for using as POF. Will this self-declaration from her need to be affidavit or notarized.
2) I have a FD account which has initial amount of 20,000 CAD(Opened in 2012). Now the account has near about 28,000 CAD. Would you please help me about giving an example of creating average balance of 6 months. Actually I want to know the actual formula of creating average balance.
Hope your kind response in this regard.
Thanks in advance Asivad.
At first , appreciate your helping attitude. Wish you will get reward for your endeavor soon.
Now my questions are:
1) In your earlier reply you have stated that if i make my spouse account as a joint account with me, then a self-declaration from my spouse is better to state that she has no objection against the funds for using as POF. Will this self-declaration from her need to be affidavit or notarized.
2) I have a FD account which has initial amount of 20,000 CAD(Opened in 2012). Now the account has near about 28,000 CAD. Would you please help me about giving an example of creating average balance of 6 months. Actually I want to know the actual formula of creating average balance.
Hope your kind response in this regard.
Thanks in advance Asivad.
Hi Asivad,
I tried here to contact bank to convert my spouse FD into joint FD with me.
But right now Bank is denying to do the same.
So how to get rid of this.. If i break the prev FD and make another FD in joint with wife, then what proofs i need to show for this.
Or if any other way out is there.
I tried here to contact bank to convert my spouse FD into joint FD with me.
But right now Bank is denying to do the same.
So how to get rid of this.. If i break the prev FD and make another FD in joint with wife, then what proofs i need to show for this.
Or if any other way out is there.
sukhjinder27
Full Member
i have asked this question before ,that i am taking 10 lakh INR from my father aas a gift he does not have this money in his account rather it is cash and its not his six monts old funds . am i required to give any proof that given money belongs to my father and from where he got this money ???
however i am taking a self declaration certificate and also a gift deed from my father on stamp paper
however i am taking a self declaration certificate and also a gift deed from my father on stamp paper
sukhjinder27
Full Member
Hope you don't mind me asking this question, but i am just curious, as to why then was your application rejected since you took a gift from your dad but did not enclose bank account statements of your father to confirm the transaction?Asivad Anac said:
I mean, even though you dont need to prove the donor's source of funds, you still have to include the statement of their bank account confirming the transaction right?
True.kaizadhans said:
The intention of providing bank statements is to prove the physical act of transferring monies from the donor's account to the receiver's account. Not to prove the donor's source of funds.
It is in fact an optional document which is not asked for by CIC. My application was rejected because there was significant difference between my present account balance and 6 months average balance and, for some weird reason, either my LOE did not transmit or wasn't conclusive, on its own, to prove that the difference in those 2 aforementioned figures was entirely due to the gift money transaction. In hindsight, my application wouldn't have been refused if I had simply added 6 month bank statements for my account OR explained and provided further evidence of physical transfer of funds from my father's account into my account.
Not necessarily.hamoonExpressEntry said:
CIC ask for 6 months average balance to be mentioned in the bank letter to confirm that you haven't borrowed funds to be shown as POF. However, if you have sold your car today and are utilizing the sale proceeds as POF, you don't have to show that the fund was in your bank account for the past 6 months because you are already showing evidence that you owned the asset and are using the monies from disposing your own asset. Perfectly legitimate to do that.
If you're showing bank funds, you will have to conclusively prove that the funds in the bank aren't borrowed. One way of doing that is by showing continuing presence of those funds in your bank account over the past 6 months. But that's not the only way. You can certainly get a gift/inheritance and show those documents as well.
Hope that clarifies. All the best!
You are a total ROCKSTAR ASIVAD... ;D!!! AWESOME man, thank you for always helping out other.. plz people come back to this forum and give the same help to others as u got from this noble person...
