Proof of Funds - PR Application

[skx]

Hello,

I just received my ITA last month and had a question regarding the proof of funds. I am currently working in Canada and was going to get some funds from my family in India. I just had two questions.

https://www.canada.ca/en/immigratio...nada/express-entry/documents/proof-funds.html

1) Can I use the funds once I have submitted all the documents or do I have to maintain a balance of $20,000 for 6 months until I get my PR?
2) Do I have to get a gift deed or letter from my father in India to attach along?

Any help would be greatly appreciated.

Thanks a bunch!

 

[harsimranjot]

Hello,

I just received my ITA last month and had a question regarding the proof of funds. I am currently working in Canada and was going to get some funds from my family in India. I just had two questions.

https://www.canada.ca/en/immigratio...nada/express-entry/documents/proof-funds.html

1) Can I use the funds once I have submitted all the documents or do I have to maintain a balance of $20,000 for 6 months until I get my PR?
2) Do I have to get a gift deed or letter from my father in India to attach along?

Any help would be greatly appreciated.

Thanks a bunch!

1. You need to maintain the funds till the time you get confirmation of PR
2. Yes , you need a gift deed as your funds will not be six months old and u have to explain large influx of money through gift deed

 

[arun_canpr]

Additionally, I would suggest, keep the fund atleast about 2K higher than the required amount - As the currency is fluctuating during CoVID, better to show funds at a higher range.