Proof of funds for Canada Immigration | Sample formats and how to make a gift deed
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- čas přidán 30. 12. 2019
- This video gives details about Proof of Funds required for Canada Immigration Express Entry programme.
Topics Covered:
- How much money is required
- What's accepted and what's not accepted
- Sample letters for FD and Savings account (the same letters we submitted)
- What if you don't have the money
- Important tips from our experience
Official link to amount of funds needed: www.canada.ca/en/immigration-...
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Disclaimer: These videos are our personal views and opinion, they should NOT be considered as legal advice. We are not affiliated with any government organization or division. We assume no liability for how the information on this channel is used or interpreted and hence take no responsibility for any decisions that is made with regards to your application based on the information shared on this channel.
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We don't like immigration agents - the ones' that aren't authorized by ICCRC and qualified to help you with your application in exchange for money - first of all, it's not legal to do that, and second of all, it's so easy that you don't really need paid help! We are a young couple who started their Canadian Immigration journey in 2018 and moved to Canada 3 days before the pandemic hit in March 2020. Over the course of our application, we have seen so many people getting screwed over by greedy / fraudulent and unauthorized immigration consultants who promise you the world in exchange for thousands of dollars and deliver a whole lot of NOTHING; to an extent that in many cases, the applications get rejected, due to their negligence.
Therefore, we are taking matters in our own hands. After months of research and our own experience of applying for a Canadian PR, we came up with an e-book series & this CZcams channel which would include - errors to avoid, perfect sample documents (my own) and alternate ways of immigrating to Canada - 100 pages of absolute goldmine between these 3 e-books - no filters, no premium versions to these ebooks... everything is out there FOR FREE, for you to read and execute the process yourself! All we are doing in these ebooks is sharing our experience of applying for PR ourselves / structuring and pointing you in the right direction via various different resources that are available on IRCC's official website. The CZcams channel will compliment the e-book and add some personality and entertainment to the entire process :-)
Volume 1: Step by step express entry process from know nothing about immigration all the way to getting an invitation to apply (ECA, IELTS etc). Download here - www.potatotalkies.com/
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Save your money, and if you find these e-books useful, do not forget to buy us a coffee when you reach Canada :-)
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Link to book a slot: www.potatotalkies.com/book-online
The helpline opens every Tuesday (Midnight) and closes when the slots are filled on a first come first served basis! We have a total of 10 slots / week. We can talk about anything directly related to your application or your interest in moving to Canada.
Need suggestions I m unable to book slot
Hi this is my first comment. Please do let me know what if we have homeloan and car loan?
Hello Guys
I have a question, what if my account is just one month old, i moved all my money to a new account recently?
I m unable to book a slot to contact with you
Sir I received invitation from Ontario. But I need letter of support from Ontario PR person along with his copy of permanent resident card , utility bill and driving license. What can I do now??
You guys have no clue how easy you are making my life! After failures in past all that you need is a hope. You guys be the best!
🤗😊
@@Potatotalkieswhat if My parents give me funds and it is 6 months old than gift deed is necessary ?
Watching most you videos.... You are started to feel like a family
🤗🤗
You people are too good. The way you narrate the matters is commendable. Hats off to you.
Great work guys!! Truly commendable. The documents attached in the description is really very helpful. Guys just go for it. Thanks again!! God bless you.
Thank you so much 😍🤗
Satsriakal,
If I see you guys on screen,my heart feels so happy
God bless you
👏👏
first time i watch the real immigrant story such a good information Sardar g and Sardarni bhabi love from Pakistan
😃👍
God bless u both❣️❣️
@Singh everyone faces some difficulties in its life .
@Singh khalistan is a name given by Sant Journail Singh Bhindrawale who raised the voice for Sikhs community to open our eyes which were misguided by HIndus Who did not fulfill the promise of Sikh Land at the time of Partition so Khalsa Raj is a real punjab.Read Dasam Granth says Sikhs do not belong to Hinduism .we are separate Nation.
Money controller hubby 😍, nice to watch covering all points. Thanks.
Exactly i am loooking for. Thanks a bunch, the dearest coupe i ve ever seen. I alwys follow u guy for long time :)
First of all i wanted to convey my best regards to both of you for this great initiative of supporting people.
Its a bitter truth that Agents make aspirants so much fool and their only motive is to make money from them.
Keep up the good work guys.!
Waheguru meher kare.
Thank you 🙏💕
@@Potatotalkies sir, 3months old funds chal jayenge ya nhi
@@sukhsekhon5419 No, minimum 4 months
@@Potatotalkieswhat if My parents give me funds and it is 6 months old than gift deed is necessary ?
You guys are doing such a wonderful job. I like your videos. They are simple to understand and the explanation given is to the point.
Thank-you.
You two are such a good human beings for helping so many people like us by making such informative videos like all of your videos, beings your viewer is gem, May God bless you both bhaiya and bhabi, lots of love from Dhaka, Bangladesh
🥰👏
You guys are awesome. 👌Evertime I watch your video and get motivated. Actually we are in EE entry pool with 458 crs, waiting for our ITA(which is seems to be impossible😢)
Thank you for explaining things in such a detailed manner. I recently started watching your videos because we'd like to move to Canada in future. You both seem really honest and candid about life in Canada. I have a question- do you have any idea when the express entry will stop? I wish you both good luck and all the success.
Thanks:)
Why will it stop? :)
please help snd mony
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In a very simple way explain any topic both of you I really like and this is really helpful for me
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Thank you so much for this video :) Got a lot of info .Great job. Keep posting informative videos.
Hi Potato Talkies, big salute to both you, the way you explain is commendable always. I mean every thing is beyond the details that no other channel explains.
But my concern is about the job offer. As you said in the video that till now you have not received any job offer or letter. So basically what is the reason.? Like in every Canada program IRCC they ask for the offer letter but no company is ready to give any job. I by myself trying for this since 2 months, but no response. So till the date my big query is that how to get job or job offer? Hence I wish and request you to search on it while reaching Canada, so at least we can come at point that shall we get job offer or not?
God bless you both, wishing you a great success ahead. Thanks
Thank you so much 😀
We will definitely discuss when and how we get a job in Canada in our coming videos 👍
@@Potatotalkieswhat if My parents give me funds and it is 6 months old than gift deed is necessary ?
May god bless you two and your family and close ones
I diligently follow your videos..Always informative and a lot of effort you guys put in these..Appreciate it
You guys are really superb easily understandable information keep up the good work and provide more and more information to aspiring people otherwise not even a single person guide a person through this journey
Amazing video, you guys are really helping a lot of people
Both of u guys r cool in every video u guys have explained everything properly.. very informative video.
Thank you.
Very good guys superb on your part nobody tells this very aspect
You guys are amazing and providing straight message to everyone!
Thank you 🙏💕
Potato Talkies you know , I’ve never seen any channel who is giving such a crystal clear information to listeners. I’m amazed to receive useful information about Canada PR. All the best to you guys !!
Thank you guys! Really helpful I’m glued to your video for more content
😃👍
You are doing great job!!👏
very informative. Thank you so much guyz. You have earned a new subscriber :)
😃
Thanks for such great and useful information guys.
Amazing guys ......! Too good . God bless
Guys you are doing great job
nice couple,nice information,nicely explained..
good luck both of you.
thank u so much for giving us such valuable information
Tq so so much Couple...it's very informative video...God bless u both🙏🏻
You two are just best...
You guys always great👏
You guys are the best 👍🏻
Thank you
Grt info
Looking forward to the next video
Thanks guys for the sound information and quality presentation. Did you mention that the amount taken in the for of the 'gift deed' must also be reflecting in your account and included in the bank certificate? Logically yes but I dint hear you mention that. Kindly clarify. You both are doing pretty well together. Best wishes.
Really a good information..thank you very much both couple..👍🙏
Both of you are really wonderful 🙏👍
Great information to understand easily....you r best
👍
Thanks! helped a lot
Very helpful & informative vedio 👍🏻thank you so much for this information .
Thank you so much for this video, you guys have really made it so much easier for us! Just wanted to ask if the Gift Deed we make also needs to be signed by a witness since the format has mentioned a witness.
Hi guys! Really thanks a lot for making such a video with format samples.
I have one question if you can please answer - How should the spouse authorize the primary applicant to give access to her funds. I mean should it be in a plain paper stating the same or it must be in some other official document?
Thank you and please keep up the great work :)
You guys are awesome!!!
Mujhe lagta hai aap bhoth aage jaoge ,log aapko bht like karenge superb ❤️
😃
Thanks for the details. Can we showcase the required funds and the statement of the last 6 months in 2 different accounts in different banks ( Saving & Current)?
Hi. Thank you for the great video. One quick question pls - Considering that the funds maintained in a normal savings account are not repatriable, do we need to maintain the funds in an NRE/NRO account?
Dear Both one suggestion, when you start a series please mention in description of Video Season --- Episode -- . Thanks
Hey,
i am really liking th e videos which you're uploading, very helpful and giving clear picture how to proceed further.
i just want to ask as per the current scenario how much time does immigration take to give ITA.
Getting ITA depends on meeting the cutoff. If you meet the cutoff, you can get ITA in the next draw
It is good video, pls do it in English , so that all will get benefits.so that all will support and encourage your channel.
Awesome explanation
Great informative video
Thank you so much
An important topic for all immigrants, thanks. (Could you also make a video for AIPP program )
Hello Potato Talkies,
Congratulations u have me as a new subscriber.. I like your videos and are informative and motivating. I am an Indian and reside in Kuwait currently. I have started my FSWP in the month of Jan 2020 but closely to Feb the lockdown started almost everywhere and due to which my ECA process has got delayed, I have graduated from Mumbai Univ. and am not able to send the transcripts as Univ. is still shut. Hoping everything will bounce back soon and my process will go smoothly hassle free.
Thank you and we hope so too. All the best👍
Hi guys, great video on the content covered. I have a question - if my savings account is in a private bank and my funds are all in post office savings FDs. The post office is refusing to provide me the bank letter in the prescribed format. What do you suggest I should do ?
Should I rather go for a gift deed from my father ?
Keep up the goog work 👍👍
Just love this Chanel
😀👍
Wow. God bless you guyz
@potatocouple - Thank you for sharing this useful information.
Hi Guys!,
Thanks for all the great content and advice. I have one question regarding POF though. Most of my savings are in Mutual Funds. So if I get an ITA, should I liquidate my money from the mutual funds or should I liquidate them when I am making my Express entry profile(In case of PNP where funds should be 3 months old)? Also, what documents do I need to add with my POF to show that all the money liquidated is mine? I am sorry if this is a very stupid question but I was not able find the answer anywhere.
Very helpful 👍👍
Hi, This video is really helpful.. Thank you so much for your efforts to share such insightful videos. I wanted to know that do we need to prepare a letter for Provident fund as well or just a statement downloaded from EPFO site can be enclosed with the other proof of fund docs?
Thank you !!
Hi Potatoes.. i must say u have made amazing set of videos & very well explained with end to end process on immigration. I have a query that when to convert this amount into CAD & how. Please explain 🙏
Sorry I didn't understand your question. You need to submit this document when you accept ITA
Good job. Love from kerala
again v informative ... thanx both of you...whether gift deed is acceptable for SINP ...? do we need to maintain the balance while applying for EOI ? THANKS
Thank you for being super helpful. But I wanted to know where I can get this format?
great help guys thank you soo much
👍👍
Hello Nav and Sim,
I have got my ITA and I'm keeping my fingers crossed to get a call scheduled with you guys. However, if I don't get lucky booking one, I have the following query.
I have got a gift from my dad and made an FD of it, got my gift deed and affidavit in place as well. I wanted to know if I make a similar bank letter like yours for my FDs, do I need to provide my last six months bank statement or the fixed deposit copies alone would suffice?
PS: I made two FDs of my November and December salary as well.
Thank you in advance for always coming to our rescue!!
You don't necessarily need the letter from your bank you can get the copy of your passbook showing entries for 6 months first and last page attested by the bank...
First off, thank you both for making such a detailed video. Really appreciate it!
So, I have received a series of instalments from my sister and mother in the last couple of months. My sister lives in the UK and my mother in India. Should I get 2 separate gift deeds, one from India (from my mother) and other from UK (from my sister in the gift deed format available there) showing all the transactions respectively?
Hellloo, thanks for sharing such helpful content with us. Can u make a video on proof of funds for sds student stream.
Thanks you.
If we use a Gift Deed, do you need a statement from the bank along with it. If so, does it have to include 6 months savings.
Thank you so much for all the content!
Thanks and Love you Both ❤️
shastriya kaal ❤️
I really appreciate for your work , you guys are really doing great . Keep rocking .
I have one query : - If wife is main applicant but funds are in Spouse Account , in this case what we can Do ?
Paji, if possible could you please share the proof of funds template. Would be really helpful. Thanks a lot for all the help and effort you both are putting in. :)
god bless you great content
Thanks 🙏🙇
Very helpful, thanks Potato Talkies :) )
Nice video !! Very informative in deed, Requesting if possible to send POF document in pdf . Would be of great help. Thanks !!!!
thx once again
😀
Hi thank you for such great video series, however can you please confirm how much is the max amount we can take as gift deed from relatives?
You guys are really doing such an amazing work. Really appreciated !!
I have a query regarding the POF as I am maintaining around 50% of POF amount in my salary account. Should I need to submit one year bank statement for better clarification that I am accumulating my salary for couple of years or 6 months bank statement would be enough for Visa officer.
Please response whenever you have time. I know you guys have n numbers of videos and it's so hard to comment on each and every comment.
Thank you very much for such an informative video. :)
hi guys really really loved your videos , it would be much appreciated if you could make a video about how as an india seafarer (merchant navy officer) i can get a move to canada with a PR. i hope you will soon make a video about that also
Thanks Guys- very informative. If I may ask for one more help here- Could you please upload the document template you used at a link. This will help to approach Bank with the desired format.
You can check the format in our ebook www.potatotalkies.com
Amazing couple. Luv you a lot
You guys are awesome! :) I have 2 questions regarding the proof of fund:
1) Gift deed: If my parents give me a gift deed for 10,000 CAD, do I still have to show the proof for the amount in either my parents or my bank account (i.e., account statement, etc.)?
2) Monthly average: I don't keep money in my savings a/c as the interest is very low. I usually maintain short-term FDs. In that case, my monthly average in my savings a/c is low. Will that be a concern?
Thank you guys! Keep rocking!
1. Bank letter is mandatory + gift deed
2. FD works fine.
You guys are Amazing as always!!!
I'm surprised no one asked this question: In case of gift deed (I don't have that much money, nor does my father has :-P), can my father arrange the funds in the 11th hour into his account, and gift it to me anytime?
Yes
@@Potatotalkies Thanks a lot!
If I calculate my CRS using 6666 in IELTS, I get 338, which is good for AINP, but that would make me ineligible in Express Entry eligibility criteria ( I get less than 67 ). Is that an issue? Do I have to be eligible to Express Entry eligible criteria in order to apply for AINP?
Dear Both-
It is great information for people who have crossed the level-1 milestone (ITA). One observation, the giftdeed format which you have shown has an error(correct me if iam wrong)..pls see line 5th of gift deed which says "standing to credit of my account ****" should be "standing to credit of my son account *****".. Pls clarify if my understanding is correct or not.
Amazing! Potato Couples are just awesome.
Just, needed an explaining. If someone is having a personal loan whose EMI is been deducted, say from Bank A and as mentioned the Bank letter should not mention of any any debt of an individual.
So, can I open a new Bank account (say Bank B) and show proof of funds of last six months from Bank B account. Additionally, can they still trace whether if any personal loan or any other loans are running in the individual name after showing Bank statement from Bank B?
Please clarify us on this point. Thanks
Lovely guys
Hi I really appreciate all your efforts and wanted to get clarification on this topic. I have got the proof of fund letter from JP Morgan since i am in new york. I have more than enough funds to substantiate the proof but they are not converting it into CAD equivalent. In that case, what should i do?
Hello
Thanks for sharing all the info with us, you have been one who has always kept me motivated. Thanks a lot for helping us.🙏
I have a small question, me and my spouse are not primary account as joint account. He transferred amount to my account which we are showing as one for pof, do i need to get a gift deed for any such transactions or i can explain it in LOE.
2. Also do i need to show his source for such fund, he got that amount from his brother, so i suppose we need 1 gift deed which he got from his brother??
Thanks for help
The transactions are complicated... so I will suggest to show all the gift deeds... brother to hisband and then to you.
We have accounts in the same bank! Icici Meera bagh! i'm going there this week to get my statements and stuff.
👍👍
I just love ur videos n Vibes.
Just a quick one though
Do my LIC policies qualify
And do we need to break our EPF and LIC investments
It should be liquid. That's the only condition. Its up to you whether you want to break it now or not. I broke it and put thr money in my account to simplify.
Hi, thanks a lot for making this video, very well explained .
I haven't initiated my process for immigration yet. I plan to do it by Dec'20 - Jan'21. So, since when does my acc need to have minimum mentioned amount?
6 months before you expect your ita
Useful information
😀👍
Hey thanku for posting such a valuable info. I want ask the time period from when we should maintain bank balance in our account. I mean like if I am putting my file.in.pool next month then from when I should credit my account with required amount.?