Proof of Funds (Express Entry)

[kamy]

No harm in showing the additional funds provided you have a Gift Deed for CAD 6k which was transferred by your father-in-law. You can find a sample template of a Gift Deed here http://www.canadavisa.com/canada-immigration-discussion-board/gift-deed-letter-t384602.0.html

A very basic question- Should it be signed by my father-in-law or the receiver can sign it? Would have to go to his place for signature if former is the case.

 

[istari]

A very basic question- Should it be signed by my father-in-law or the receiver can sign it? Would have to go to his place for signature if former is the case.

It must be signed by the gift-giver.

 

[kamy]

My Father's name in Passport is Khem Chand Khanna, while his name is K.C. Khanna in marksheets. Do I need to get an affidavit for this as well? This is not a name change just initials used? Kindly advise.

 

[Stanlee]

My Father's name in Passport is Khem Chand Khanna, while his name is K.C. Khanna in marksheets. Do I need to get an affidavit for this as well? This is not a name change just initials used? Kindly advise.

It should not be an issue, what is more important is the applicant's and dependents names. At the most you can explain your father's name variations in an LOE, no need for an affidavit.

 

[kamy]

I was looking for photo specifications for PR application and noticed this strange requirement at below page, they are asking for photographer's details as well.
Any comments? Do I need this specification photo for medicals as well? I have medical appointment tomorrow morning.

http://www.cic.gc.ca/english/information/applications/photospecs-cit.asp

Provide the name of the photographer or the studio, the studio address and the date the photos were taken on the back of the photos

Am I looking at the right place because I'm applying online?

 

[Dedicated]

I was looking for photo specifications for PR application and noticed this strange requirement at below page, they are asking for photographer's details as well.
Any comments? Do I need this specification photo for medicals as well? I have medical appointment tomorrow morning.

http://www.cic.gc.ca/english/information/applications/photospecs-cit.asp

Provide the name of the photographer or the studio, the studio address and the date the photos were taken on the back of the photos

Am I looking at the right place because I'm applying online?

Does not it say Citizenship application photograph specifications?

 

[Stanlee]

I was looking for photo specifications for PR application and noticed this strange requirement at below page, they are asking for photographer's details as well.
Any comments? Do I need this specification photo for medicals as well? I have medical appointment tomorrow morning.

http://www.cic.gc.ca/english/information/applications/photospecs-cit.asp

Provide the name of the photographer or the studio, the studio address and the date the photos were taken on the back of the photos

Am I looking at the right place because I'm applying online?

No, this specification is post PPR. In fact the specification for PR is given below.

As per the requirement the final frame size of the photo should be at least 35mm x 45mm. The photograph must show a full front view of the head and tops of shoulders. The size of the head, from chin to crown, must be between 31mm and 36mm. The physical dimensions in pixels must be at least 420 x 540. The final size of the image should not be less than 60KB. The file should be submitted in JPEG format.

 

[thourb]

I have a query in relation to proof of funds - I just want to make sure that my understanding is correct.

If you lack a job offer, you are required to show the appropriate amount of unencumbered funds, which for me will be $15,143. It is my understanding that you need to be able to demonstrate this on the day when you are issued an ITA.

My confusion stems from the talk about IRCC requiring 6 months bank statements. Am I right in thinking that they only ask for 6 months bank statements to prove that you've not taken out a loan or similar? The reason that I ask is that I am saving towards that total and I want to make sure that if I get an ITA when I reach the required amount that I won't later be rejected as during the previous 6 months I was still saving and was below the required amount.

So my question in a nutshell - Do you need to show that the required funds are there for 6 months prior to getting the ITA, or is it OK as long as you have the funds on the day of the ITA? I'm also aware that you will need the funds when you enter Canada too, that won't be a problem, it's just that I don't want to accept an ITA and get rejected for financial reasons.

 

[istari]

I have a query in relation to proof of funds - I just want to make sure that my understanding is correct.

If you lack a job offer, you are required to show the appropriate amount of unencumbered funds, which for me will be $15,143. It is my understanding that you need to be able to demonstrate this on the day when you are issued an ITA.

My confusion stems from the talk about IRCC requiring 6 months bank statements. Am I right in thinking that they only ask for 6 months bank statements to prove that you've not taken out a loan or similar? The reason that I ask is that I am saving towards that total and I want to make sure that if I get an ITA when I reach the required amount that I won't later be rejected as during the previous 6 months I was still saving and was below the required amount.

So my question in a nutshell - Do you need to show that the required funds are there for 6 months prior to getting the ITA, or is it OK as long as you have the funds on the day of the ITA? I'm also aware that you will need the funds when you enter Canada too, that won't be a problem, it's just that I don't want to accept an ITA and get rejected for financial reasons.

The total needs to have been in your account for 6 months, or you need to prove where the money came from.

 

[Stanlee]

I have a query in relation to proof of funds - I just want to make sure that my understanding is correct.

If you lack a job offer, you are required to show the appropriate amount of unencumbered funds, which for me will be $15,143. It is my understanding that you need to be able to demonstrate this on the day when you are issued an ITA.

My confusion stems from the talk about IRCC requiring 6 months bank statements. Am I right in thinking that they only ask for 6 months bank statements to prove that you've not taken out a loan or similar? The reason that I ask is that I am saving towards that total and I want to make sure that if I get an ITA when I reach the required amount that I won't later be rejected as during the previous 6 months I was still saving and was below the required amount.

So my question in a nutshell - Do you need to show that the required funds are there for 6 months prior to getting the ITA, or is it OK as long as you have the funds on the day of the ITA? I'm also aware that you will need the funds when you enter Canada too, that won't be a problem, it's just that I don't want to accept an ITA and get rejected for financial reasons.

The reason why 6 months bank statements are asked is to ensure that the applicant has not borrowed money or availed a loan to show POF. As long as you can prove the source of the funds maintained in your account it does not matter if the funds are in there for 6 months or less.

 

[thourb]

The total needs to have been in your account for 6 months, or you need to prove where the money came from.

Thanks for the advice, that was my general understanding. I will need around £9000 GBP and my partner and I are saving £800 a month towards it. Hopefully they will see that we've been saving regularly towards the total and will be happy with bank statements and a letter of explanation.

 

[Stanlee]

Thanks for the advice, that was my general understanding. I will need around £9000 GBP and my partner and I are saving £800 a month towards it. Hopefully they will see that we've been saving regularly towards the total and will be happy with bank statements and a letter of explanation.

Yes, as along as the required funds are there and the source is identified, you are good to go.

 

[thourb]

Yes, as along as the required funds are there and the source is identified, you are good to go.

Thanks very much for your help! Love this forum <3

 

[Dedicated]

One quick question, guys...

If in your EE profile you mention one amount and in your bank account there is a different one (slightly more than stated in profile) will it be a problem?

 

[istari]

One quick question, guys...

If in your EE profile you mention one amount and in your bank account there is a different one (slightly more than stated in profile) will it be a problem?

I think having more money in your account is fine. Having less money than you mentioned on your profile would be a problem.