Proof Of Funds related queries for PR application.

[pradeepcc34]

Hello Experts,
Can IRCC ask about a sudden spike in balance in a specific month, out of last 6 months ? If they object, how can I compensate ? Shall I provide notarized Gift Deed document ?
Also, I took 10 lakhs personal loans just for Proof of Funds in the month of July, will that be a problem ? I am planning to submit my PR application in the month of September.
Furthermore, average of my last 6 months balance comes under 12.9k CAD.
Please suggest.
Thanks in advance.

 

[scylla]

Hello Experts,
Can IRCC ask about a sudden spike in balance in a specific month, out of last 6 months ? If they object, how can I compensate ? Shall I provide notarized Gift Deed document ?
Also, I took 10 lakhs personal loans just for Proof of Funds in the month of July, will that be a problem ? I am planning to submit my PR application in the month of September.
Furthermore, average of my last 6 months balance comes under 12.9k CAD.
Please suggest.
Thanks in advance.

I would recommend that you post your question in the Express Entry section of the forum.

If IRCC asks where money came from based on a sudden spike in your balance, then you should be honest about the source and provide evidence to prove this. Don't provide a gift deed document from someone when the money is actually a loan. You could end up in a misrepresentation situation. You don't want to falsify documents. That can land you with a 5 year ban from Canada.

 

[pradeepcc34]

I would recommend that you post your question in the Express Entry section of the forum.

If IRCC asks where money came from based on a sudden spike in your balance, then you should be honest about the source and provide evidence to prove this. Don't provide a gift deed document from someone when the money is actually a loan. You could end up in a misrepresentation situation. You don't want to falsify documents. That can land you with a 5 year ban from Canada.

Thank you. Will I face any adversaries if half of the balance amount belongs to a personal loan ? Also, please suggest if the average of the balance amount spanned across last 6 months should be crossing the expected amount or individual months ?

 

[scylla]

Thank you. Will I face any adversaries if half of the balance amount belongs to a personal loan ? Also, please suggest if the average of the balance amount spanned across last 6 months should be crossing the expected amount or individual months ?

I can't answer these questions. Again, post to the Express Entry section of the forum.