Advice Required:
Scenario:
Country: INDIA
ITA Received in April 2018
Applicants: 2 (Primary + Secondary)
For POF:
Target: CAD 18000
I and my wife have a joint account: 9500 CAD
Balance my dad will gift through Gift Deed
Questions:
1. For POF, can we show money from the joint account? (This account is NOT Either or Survivor, it's a pure joint account, where to withdraw funds, a signature from both a/c holders are required).
2. If yes, since I am the primary applicant, and to show POF using our joint account, do I need some document from my wife declaring that I have full access to the funds in the account? If yes, what kind of document will be required?
3. If above two questions support joint account, Is it a good idea to transfer the gift deed money in the same joint account, as it holds the rest of the funds.
Scenario:
Country: INDIA
ITA Received in April 2018
Applicants: 2 (Primary + Secondary)
For POF:
Target: CAD 18000
I and my wife have a joint account: 9500 CAD
Balance my dad will gift through Gift Deed
Questions:
1. For POF, can we show money from the joint account? (This account is NOT Either or Survivor, it's a pure joint account, where to withdraw funds, a signature from both a/c holders are required).
2. If yes, since I am the primary applicant, and to show POF using our joint account, do I need some document from my wife declaring that I have full access to the funds in the account? If yes, what kind of document will be required?
3. If above two questions support joint account, Is it a good idea to transfer the gift deed money in the same joint account, as it holds the rest of the funds.
