what are they talking about...

[barackobamaisgood]

Provide Updated proof of funds as well as evidence
explaining the origin of all deposits!



please explain the above....

 

[Your Highness]

Provide Updated proof of funds as well as evidence
explaining the origin of all deposits!



please explain the above....

It means you need to send them new Bank Statements where you have your funds (the money that you need to take with you when you move to Canada). If you are showing Fixed Deposits then they need updated Fixed deposit Statement.

And you also need to explain to them how those funds landed in your bank account or fixed deposit account...like from salary or whatever. You have to show them the source of the funds that you have declared.

Trust this clarifies.

 

[qorax]

barack-obama-is-good... Yep, I feel that too!

Provide Updated proof of funds as well as evidence
explaining the origin of all deposits!

please explain the above....

Hi,

This occurs when there r "windfalls" in the POF. Sudden large sums deposited. In which case, as it's not acceptable by CIC, they'd (sometimes) ask u for explanation/s.

If they were from genuine earnings of urs, viz. thru sale of some assets, or getting a bonus/increment, returns from certain investments like Bonds, Shares, Debentures etc. U'd be fine when u provide documentary evidence. If u cannot justify the windfall - it'd be viewed as a gift/loan - which is unacceptable.

Hope that clarified.

 

[barackobamaisgood]

barack-obama-is-good... Yep, I feel that too!

Hi,

This occurs when there r "windfalls" in the POF. Sudden large sums deposited. In which case, as it's not acceptable by CIC, they'd (sometimes) ask u for explanation/s.

If they were from genuine earnings of urs, viz. thru sale of some assets, or getting a bonus/increment, returns from certain investments like Bonds, Shares, Debentures etc. U'd be fine when u provide documentary evidence. If u cannot justify the windfall - it'd be viewed as a gift/loan - which is unacceptable.

Hope that clarified.

thank you very much for your reply...

 

[sunasir]

barack-obama-is-good... Yep, I feel that too!

Hi,

This occurs when there r "windfalls" in the POF. Sudden large sums deposited. In which case, as it's not acceptable by CIC, they'd (sometimes) ask u for explanation/s.

If they were from genuine earnings of urs, viz. thru sale of some assets, or getting a bonus/increment, returns from certain investments like Bonds, Shares, Debentures etc. U'd be fine when u provide documentary evidence. If u cannot justify the windfall - it'd be viewed as a gift/loan - which is unacceptable.

Hope that clarified.

Dear Qorax
Its Ok.If someone has more than required funds in bank for example requirement is 2.5M and applicant has over 5 Millions in account ,what w'd be situstion.Whether ask for proof or take it as.

 

[barackobamaisgood]

Dear Qorax
Its Ok.If someone has more than required funds in bank for example requirement is 2.5M and applicant has over 5 Millions in account ,what w'd be situstion.Whether ask for proof or take it as.

same is mine case.. I have more than they require...

what kinda proof to show man..

 

[sho78]

same is mine case.. I have more than they require...

what kinda proof to show man..

It has nothing to do with more than or less the requirement you have to proove that its your money and you have not borrowed from somewhere.

 

[mitali]

same is mine case.. I have more than they require...

what kinda proof to show man..

Whatever money you have in the account needs solid proof that it belongs to you.

Mitali

 

[barackobamaisgood]

Whatever money you have in the account needs solid proof that it belongs to you.

Mitali

solid proof like what?
could you please elaborate my friend..

 

[mitali]

solid proof like what?
could you please elaborate my friend..

Solid Proof would mean that the money is from YOUR

1. salary
2. Business
3. Savings Term deposits etc

The emphasis is on "YOURS".

You can transfer the required amount to another account if you are not comfortable showing 5 million in your account. But whatever you do you will have to show the source of the money.

Mitali