Hi
My partner and myself have joint bank account and we recently met the required amount for 2 persons (which is around 15000 CAD). I am just wondering if we can show the bank statements of joint bank account to show POF or bank statements have to be on principal applicant name? The required amount have to be in account for 6 months or it does not matter.
It is not advisable. POF also means "can be liquidated" right now. Bank generates a report on their letterhead mentioning the amount of money that you have in your account along with the statement of 1 month (in case of Direct invitation) and 3-6 months (in case of PNP).
The letterhead document will be your POF. You can attach MF, PF and other source of funds as well however the amount should not be big. Major portion should be in Savings Account. (my experience only).
To be clear below is my status. Also, typically "We are processing your Background check" appears later in the process and not in the beginning. Any clarification is most welcome.
Application status We are processing your application. We will send you a message when there is an update or if we need more information from you.
Review of eligibility We are reviewing whether you meet the eligibility requirements.
Review of medical results We are reviewing the results of your medical exam.
Review of additional documents We do not need additional documents.
Interview You do not need an interview. We will send you a message if this changes.
Biometrics We do not need your fingerprints. We will send you a message if this changes.
Background check We are processing your background check. We will send you a message if we need more information.
Final decision Your application is in progress. We will send you a message once the final decision has been made.
I don't think LIC policy can be shown as a PoF. Strictly speaking LIC policy will return your investment at maturity or at the loss of your life. Neither position provide liquidity of money to be used in Canada to sustain your cost of living.
Reference letter mainly verifies your date of joining, job title, hours worked, job duties and responsibilities and your gross salary / Cost To Company / Wage Rate. No need to include money equivalent of other benefits. You can always attach your joining letter mentioning your benefits, salary slips, annual bonuses etc. in support of your employment as a proof of your work experience for that particular employer.
Hi
My partner and myself have joint bank account and we recently met the required amount for 2 persons (which is around 15000 CAD). I am just wondering if we can show the bank statements of joint bank account to show POF or bank statements have to be on principal applicant name? The required amount have to be in account for 6 months or it does not matter.
Joint Account Bank Statements are acceptable. Me and my wife have a joint account. The bank statement contains both our name and so does the proof of funds letter issued by our bank.
In our proof of funds letter issued by our bank, it mentions 6 months average balance. Since CIC asks for 6 months average balance, they want to make sure that the candidate have sufficient funds and have not borrowed money from someone just to show that they have funds. If you have received lump-sum funds from someone it's better to get a gift deed and explain that in your LoE
To be clear below is my status. Also, typically "We are processing your Background check" appears later in the process and not in the beginning. Any clarification is most welcome.
Application status We are processing your application. We will send you a message when there is an update or if we need more information from you.
Review of eligibility We are reviewing whether you meet the eligibility requirements.
Review of medical results We are reviewing the results of your medical exam.
Review of additional documents We do not need additional documents.
Interview You do not need an interview. We will send you a message if this changes.
Biometrics We do not need your fingerprints. We will send you a message if this changes.
Background check We are processing your background check. We will send you a message if we need more information.
Final decision Your application is in progress. We will send you a message once the final decision has been made.
Well, I submitted my application on 8th May and today, 16th May, the application was updated. My UCI number from previous work permit has been allotted. However, my medical reports AND Background check is under review. I have read that the BG check doesn't start unless Medical exam has been cleared. Any thoughts on this?
The common understanding is that first stage gate is Medical Exam Passed (MEP) and then rest of stage gates (IP1/IP2/NA2 etc.) However many are of the opinion that there is no linearity in the status changes.
I have maintained a fd from last July 2017. What all should I submit as pof. I believe it should be the fd receipt and bank letter. Will they ask bank statement ?? What all the additional documents will the cic normally ask.
Also can I withdraw fd after getting the latest bank letter and submitting the documents to cic.