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.
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??
@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.
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 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 for the explanation. However, the gift deed sample contains "standing to the credit of my account number". And, you have stated that its the receiver's account but "my" denotes the father or the donor in the statement. So, if you could clarify the issue, it would be very helpful.
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😢)
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.
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
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.
Hi very good video for ppl looking to migrate to Canada, Quick question. what if we have debts (loans). Do we need to clear and close the loan before we migrate?
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.
If I am applying from India and the funds are in a Chinese Bank Account (since my previous employment there) that has no presence in India. What am I supposed to do? 1. Should I get a statement from the Chinese Bank while applying from India? That would require my presence in China, but due to lockdown I am in India. 2. Should I transfer funds to Indian Bank Account? 3. Should I open an NRE Account with Indian Bank and the get a proof of funds? 4. Should I go to China on a tourist/business visa and apply from there. Since, you were working in Hong Kong, I was hoping you might have an answer to this.
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
Please clear my little doubts- 1. When there is already the first letter for Savings Account then why have you mentioned your savings account details in the 2nd Fixed Deposit letter also? 2. If I have both Savings account and Fixed deposit in the same branch, then do I need to prepare separate letters or one consolidated letter is enough?
Hi, I have a question about POF exemption. *Who does not need proof of funds You don’t need to show that you have enough money to support yourself and your family if -you’re applying under the Canadian Experience Class or -you’re authorized to work in Canada and you have a valid job offer, even if you apply under the Federal Skilled Worker Program or the Federal Skilled Trades Program.* What does this AND signifies in the second point? I have a job offer at the moment but I am not authorized to work in Canada. After receiving an ITA, do I need to show POF? Thank you
Hello dear one ..awesome info...have a query pls find sum time to answer my query..so i may move next year May, right now no proof of fund in my account but if i my father place the amount within 3 months do i still need to provide info as gift deed ?
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
Dear, Two questions: 1st question: I have a loan from Bank A......... but, I make a proof fund letter from Bank B..... Obviously, Bank B will write on his letter head that this customer has no debt or loan from our bank. So, this is ok for me or not....Bank B letter will be fine. Question 2: I must need to show my debt or loan. Please guide .... Thanks 2.
Hi Potato Talkies !!....the video was very informative...i have one query, please do answer it as i am new to immigration process ( as per my CRS score 440, i may need a PNP); 1. When exactly we need Proof of Funds document i.e., at the time of making profile 1st time for PNP/ITA ? do Case Officer cross verify these Proof of Funds ? For instance, if i keep amount in a bank for 6 months, get the bank statement, then proceed to make profile for PNP and later ITA & During my process with, i suddenly take out some cash from the account will my ITA application be rejected ?
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?
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!
My wife is primary applicant. I took loan and trf the funds required in my wife's savings account (SBI) We are awaiting ITA. I hope the POF should be acceptable. Sufficient funds are in the bank since October 2019. Please reply.
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
Thank you very much guys! One specific doubt is should we not have loans in any bank?? Because I have personal loan in one bank and can I save money and get letter from another bank account??
Hi, you have mentioned the account number after standing to the credit of my acc num should be the applicant's account, however I believe here should be the account number of the donor. Can you please clarify on it. As this can impact many people's applications. Thanks.
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!!
Thank you friends for these awesome updates. I have a joint account with my non accompanying spouse from where I would want to make an FD to show the bulk of Proof Of Funds (~75%). The rest 25% is in my FDs. For this joint account, to show the proof of funds what is the process? Should I get a gift deed from my wife or will a signed and notarized affidavit from my phone permitting me to use my funds suffice?
Hello sir, I have one query regarding proof of funds. If i take gift deeds from 2 or 3 different person. Then it’s necessary to make same number of Gift deed, Affidavit and LOE? Such as 3 gift deed, 3 affidavit and 3 LOE. Please help me out soon.
Hi, Thanks for the informative video. Request you to please answers my below queries, if possible 1. Can I get the documents prepared/completed before even receiving an ITA so as to be ready with the documents then? I expect to get an ITA based on my CRS score. 2. I have sufficient amount in PF. Will that document alone suffice the requirement or even then I need to show my saving bank account details & balance? Thnks
Again refering this video after long time, Is it required that the gift deed amount also needs to be 6 months old(3 months for some province) or it can deposited whenever the documents are asked from EE for any particular PNP ???? Thank you so much inadvance, this would be great help indeed. 🙏
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?
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 ?
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.
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 🙏
Thank u so much for information... sir i have a question i am married but don't going with family so me have to show proof of funds for whole family ,we are 4 members ???
Nice video. I have one question you mentioned bank phone n email address is very important however the actual one you shared here is just on letter head without any contact info just address.
Hey, This video is really informative. Please could you share the format of bank letter if the funds are procured through gift deed. Do we have to maintain six months balance if these funds are received through gift deed ?
I got confused at 1 point... You mentioned like get the statement that there is not debt/outstanding/loan open with this branch... So does that mean if we have Home Loan with some other bank or branch then we should mention that or not? I have one home loan so do I have to close that home loan first? Or I just need to mention that home loan along with POF
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...
Hi, thank you for this amazing video. I have a doubt and it’s a very important one. What if I have a housing loan? Will that loan amount affect my proof of fund?
Thanks for this fantastic video! I also have an ICICI account so even better. Do you know if it's fine in case my account type changes? For example, if I have a salary account at the time of getting the later, and it's later changed to a savings account, does it matter? Also, does it matter if I pay credit card bills after getting the later? (I guess this would be a common situation.) Also, do I need to maintain the balance after getting the letter? I mean, how would they know my balance has changed?
I have two doubts: 1. Can we give bank statement of joint account with parents?? 2. Is it mandatory to have average balance greater than require in past six months ?
I keep following your channel. You do a great work on keeping up with the latest information from immigration perspective. And hence, I'm taking the time out to write this big review to ensure your viewers get precise information. Although this video is over a year ago, I suppose the contents are still valid. Nevertheless, I wanted to reconfirm about the valid proof of funds. You mention that the average of last six months should be above the minimum set proof of funds. Although, that would be nice, I suppose the requirement is to have the current closing balance (not 6 months' average) as equal to or more than the applicable Proof Of Funds amount. And practically that makes a big difference in maintaining the account. For example, someone might have the average of last 6 months meeting the criteria, however, the closing balance might be less. Do you think that would be fine to proceed with? On the other hand, someone may not have been able to maintain the average of last 6 months above the minimum amount but has probably maintained the required balance for a couple of months only. Should this person be worried about the last 6 months' average? I suppose you could investigate this a little more and correct the contents of the video if needed. And while you're at it, I think it would be good to let people know that sudden inflow of cash after getting ITA may need additional information about the source (if it's not Gift Deed). Like, if someone sells their car or jewellery and deposits that money into the account. What sort of documentation should be produced along with the bank statement? Cheers! Keep up the good works.
Hi Thank you guys .. you doing great work. I have a query - If I show all my proof of funds as Total 2 FD in axis bank, additionally I have a home loan in HDFC bank. so if the axis bank declares in their letter that there is no loan due in axis bank. It's fine or I have to clear Home Loan before apply?
I have a doubt. If we create a new account for FD after receiving ITA, is it accepted or should we show funds in our regular active account? Secondly, if we have any loans in the active account, is it accepted or should all loans be closed before submission of the bank statement? Please guide me.
Sir, if its necessary Dat whole(100%) amount should not be from gift deed as gift deed should be upto just 60% of funds and the rest of amount should be shown in savings account..
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!
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I have 2 questions 1. My PF account has enough money to take care of proof of fund. Whether PF alone is considered as proof of fund? 2. I have one home loan. Is it a problem ?
Hi guys, great work. I just wanted to know that this bank letter cannot be the bank statement? It has all the required things like date of opening account etc on their letterhead. Please do reply
Hi Can you please share the link to the official website where we can find about the gift deeds? And also can we take gift deed from three people. ( is there any maximum or a minimum number of gift deeds?)
Hi! Thank you for this video. Could you please clarify the authorization letter written by spouse? Is this a legal document provided by the bank? Would really appreciate if you elaborate.
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?
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?
it's really informative and helpful video and quite satisfying all my queries. only one thing, I need to ask if i change my Bank (i like your expression _screw them, and it's TRUE, some banks are really pain the neck) then how I will prove my new bank statement that this amount is 6 months old. OR do I have to attach statement of accounts and cheque from my previous screwed up bank. I am actually having trouble as I have fdš in post office and getting pissed off with them as they don't have letter head and donot want to write anything like no debts , cannot write indian money converted to canadian dollars , I mean the list is long..... what do you suggest me the best. anyway, your video on this subject is awesome.
Hello sir/mam..i find your videos helpful. I got ITA from Saskatchewan. I need your help for settlement plan. When I open living in Canada tool as the OASIS portal tells to use this tool for generation of settlement plan. But, I do not get the plan. Please make a video on this topic
A small post AOR question - I showed all the money in my wife's accout she being the secondary applicant with all the necessary formalities. But we forgot to submit the consent letter stating I (primary applicant) have complete acsess to the funds...will this cause problem ? If yes what can be done now?
Kitna amount per month show chaiye hota hai show karne ke liye? Aur kia un sab ka average 13000 CAD banna chaiye? I have confusion. Q k agar itna chaiye to hume abhi se 13000 CAD se zgada rakhna hoga apne bank mein. Clear me.
I'm working in Banking for last 16 Year's. For Proof of Funds, i have followings options available. 1) I have funds in my Bank account which is more than 1 Year old. 2) Provident Funds and same is clearly mentioned and accumulated in each month salary slip. 3) In addition to this, i am also entitlement of gratuity as per Bank Policy, which is equal to last full basic multiple by number of years work, to be paid on end of the service or at the time of resignation. so whenever, employee leave the organization, it will be paid like PF. Now, My Question is that "Gratuity is included as Proof of Funds"?
If the funds in my bank savings account are less than 6 months old, will they still be sufficient to qualify as proof of funds. (to clarify the amount is more than that required by ircc but has not been in my account for more than 3 months) Additionally I don't think gift deed would be possible since my bank statement would clearly show that the money is from my salary and redemption of my mutual fund. Please help!
Hi Potato talkies, Well done!!You guys are doing great job. Your video are very helpful. Thank you so much guys. I have one question for you. I have home loan in India for 30 years and no other liability or loan. Do I have clear home loan to qualify for PR, OR I can show proof of funds separately?
Thank you for your video sir I have one query If i have home loan, then while providing proof of fund do we need to include that in letter and how immigration officer treat this? Please help us
Hi Simran The gift deed amount is in the bank located in India,but we need to use this in Canada. So my question is 1. How much fund can we carry in hand with us? 2. What is the best way to transfer this amount(gift deed) in Canadian bank . And when? PS do reply
Hey, guys, thanks for sharing the valuable information. I require a little help and would really appreciate it. Every month on receiving my salary I transfer my amount to FD's. Due to this, my average balance in the bank account gets affected. Could you please help me with the following points. 1. Is there a thresh hold that I need to maintain for my average bank balance? 2. Once I have generated the required amount in the FD's do I need to transfer them back to my bank account? 3. If all of my amount is present in FD's is there a need to show my average bank balance i.e bank letter you have mentioned in the video?
Hi , i have a question regarding fund section that i had maintained my funds from oct 26(from which half of amount had received from my fathers account) and now i have received my ITA .I want to confirm that should i need to attach any additional document like gift deed etc or not? pls rply...Thanks in advance🙂
Hello....lovely videos indeed ! Well am a single applicant and wanted to apply for Canada Express Entry ...now this point of settlement fund is something which is very concerning for me....like for a single applicant it's almost 7.35 lacs so does it need to be in my account for past three months from the date of SINP application submit ? Do they consider these documents like - LIC, SIP and Gift deed of House which is registered in my name ? The average of the bank accounts definitely won't be 7.35 lacs for past six months. I do not have any FD or Bonds . So , how can this be solved as in should I take a loan against my property and then do a fd for that or so ? Shall I book a slot if that sounds better to discuss in detail pls ?
@@Potatotalkies yeah gift deed I was talking about gift deed of property as a whole not like money received from sold out property. I do not have the option of FD or bond or parents etc doing gift kind of support so was just wondering if accumulating salary and then showing that would be fine or not. In that case I would need three months to accumulate it for a single applicant and then wait for another six months so a total months from now till I can apply so that both six months and three months bank statement can be fulfilled if asked - am I calculating these the right way ? Please advise.
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.?
Hi guys.. Thanku for such helpful videos... Just tell me one thing... What if me and my spouse have a joint account? Will the documents proof for the joint account considered to be valid?
Hello ji, Just wanted to know if we are showing PF as proof of funds, then do we need any specific format, can you share some information on the same. Love to hear from you guys. You are amazing.
This video is very Informative..Thankyou Guys 01 doubt is that if we make a gift deed then do we need to show the bank statement or should the gift deed amount has to be in my account for 06 months?
Hi, we are in such a dilemma and do not understand what exactly do we have to show that i have access to my husband’s bank account? As in what documents are required? In our case i am PA and his bank does not accommodate joint accounts :/.
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 nice videos and very informative. I have one doubt Can I show 40000 cad using gic as proof of fund??? If yes then is it enough for 2 year expenses???? And can I pay full 2 year tution fees in one shot????
i have a question ? i am going to show my funds in a form of gift deed from my father. So in this case do i have to get the letter from my bank also along with the gift deed document ?
First of all thank you for providing so much information. I have a question. Since I am already in Canada and have got my funds transferred to my bank account already. So I can show proof of funds from my Canadian bank account is sufficient or do I have to show my statements for back home as well.
Hello Team, My question is : Do express entry have high chances if the amount in the proof of funds is higher than required ? I mean if I provide higher than required funds then will our chances become better? Not sure if my question is making sense though. Thanks.
Hi, you guys are doing a great job. I have submitted EE profile showing interest in alberta. My funds are still not in bank account yet and I have submitted application for 22000cad. Instead of gift deed what about the sale deed of property or gold. Kindly let me know in this concern. Best Regards.
Thank you so much for sharing this informative video. For an international student, showing country ties is important to get visa. I have properties in home country and I will apply from UAE. I have so and so in my country, is this declaration enough or I have to translate all the property documents in English and any kind of attested form to submit? This things are really complicated. I appreciate your response.
Hi guys.. very informative video.. simply love ur videos.. Can u help me understand , if i can take money as a gift from my brother who stays in US. In that case what should be the format
Thank you for your video, Its really helpful.. I have 1thing to clear is that the full prove of fund need to withdraw from account when I m travilling to canada. Means all money I need to carry in liquidity cash?(converting to CAD) Please suggest
Hi Thanks fir the video. I have one question may I know how to proceed with gift deed as I'm in canada and my father in india. I have less funds and my father is helping me now...
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.
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 ?
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.
You people are too good. The way you narrate the matters is commendable. Hats off to you.
Watching most you videos.... You are started to feel like a family
🤗🤗
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 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 ?
Thank you for the explanation. However, the gift deed sample contains "standing to the credit of my account number". And, you have stated that its the receiver's account but "my" denotes the father or the donor in the statement. So, if you could clarify the issue, it would be very helpful.
My question too.waiting for your reply
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😢)
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.
Satsriakal,
If I see you guys on screen,my heart feels so happy
God bless 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
🥰👏
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 ?
Hi very good video for ppl looking to migrate to Canada,
Quick question. what if we have debts (loans). Do we need to clear and close the loan before we migrate?
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
please help snd mony
If I am applying from India and the funds are in a Chinese Bank Account (since my previous employment there) that has no presence in India. What am I supposed to do?
1. Should I get a statement from the Chinese Bank while applying from India? That would require my presence in China, but due to lockdown I am in India.
2. Should I transfer funds to Indian Bank Account?
3. Should I open an NRE Account with Indian Bank and the get a proof of funds?
4. Should I go to China on a tourist/business visa and apply from there.
Since, you were working in Hong Kong, I was hoping you might have an answer to this.
Very Knowledgeable Video...
Now, if someone borrowed required amount from a Cousin or Uncle through a gift deed, it will be acceptable or not?
Its better to do it with arms length relation.. parents, real sibling
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
Please clear my little doubts-
1. When there is already the first letter for Savings Account then why have you mentioned your savings account details in the 2nd Fixed Deposit letter also?
2. If I have both Savings account and Fixed deposit in the same branch, then do I need to prepare separate letters or one consolidated letter is enough?
Hi, I have a question about POF exemption.
*Who does not need proof of funds
You don’t need to show that you have enough money to support yourself and your family if
-you’re applying under the Canadian Experience Class or
-you’re authorized to work in Canada and you have a valid job offer, even if you apply under the Federal Skilled Worker Program or the Federal Skilled Trades Program.*
What does this AND signifies in the second point? I have a job offer at the moment but I am not authorized to work in Canada. After receiving an ITA, do I need to show POF?
Thank you
Hello dear one ..awesome info...have a query pls find sum time to answer my query..so i may move next year May, right now no proof of fund in my account but if i my father place the amount within 3 months do i still need to provide info as gift deed ?
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
Dear,
Two questions:
1st question:
I have a loan from Bank A.........
but, I make a proof fund letter from Bank B.....
Obviously, Bank B will write on his letter head that this customer has no debt or loan from our bank.
So, this is ok for me or not....Bank B letter will be fine.
Question 2:
I must need to show my debt or loan.
Please guide .... Thanks
2.
Hi Potato Talkies !!....the video was very informative...i have one query, please do answer it as i am new to immigration process ( as per my CRS score 440, i may need a PNP); 1. When exactly we need Proof of Funds document i.e., at the time of making profile 1st time for PNP/ITA ? do Case Officer cross verify these Proof of Funds ? For instance, if i keep amount in a bank for 6 months, get the bank statement, then proceed to make profile for PNP and later ITA & During my process with, i suddenly take out some cash from the account will my ITA application be rejected ?
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?
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 for the information.. I have a he loan. Should I close it before I travel??
My wife is primary applicant. I took loan and trf the funds required in my wife's savings account (SBI) We are awaiting ITA. I hope the POF should be acceptable. Sufficient funds are in the bank since October 2019. Please reply.
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.
Thank you very much guys! One specific doubt is should we not have loans in any bank?? Because I have personal loan in one bank and can I save money and get letter from another bank account??
Hi, you have mentioned the account number after standing to the credit of my acc num should be the applicant's account, however I believe here should be the account number of the donor. Can you please clarify on it. As this can impact many people's applications. Thanks.
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!!
Thank you friends for these awesome updates. I have a joint account with my non accompanying spouse from where I would want to make an FD to show the bulk of Proof Of Funds (~75%). The rest 25% is in my FDs. For this joint account, to show the proof of funds what is the process? Should I get a gift deed from my wife or will a signed and notarized affidavit from my phone permitting me to use my funds suffice?
Should we use our Current account or it is compulsory to have a saving account ?
Your videos are really informative. Please let me know, how can I show mutual funds as proof of funds for SOWP application.
Hello sir,
I have one query regarding proof of funds. If i take gift deeds from 2 or 3 different person. Then it’s necessary to make same number of Gift deed, Affidavit and LOE? Such as 3 gift deed, 3 affidavit and 3 LOE. Please help me out soon.
Hi,
Thanks for the informative video.
Request you to please answers my below queries, if possible
1. Can I get the documents prepared/completed before even receiving an ITA so as to be ready with the documents then? I expect to get an ITA based on my CRS score.
2. I have sufficient amount in PF. Will that document alone suffice the requirement or even then I need to show my saving bank account details & balance?
Thnks
Again refering this video after long time,
Is it required that the gift deed amount also needs to be 6 months old(3 months for some province) or it can deposited whenever the documents are asked from EE for any particular PNP ???? Thank you so much inadvance, this would be great help indeed. 🙏
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?
Thank you for being super helpful. But I wanted to know where I can get this format?
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 ?
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.
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
Thank u so much for information... sir i have a question i am married but don't going with family so me have to show proof of funds for whole family ,we are 4 members ???
Nice video. I have one question you mentioned bank phone n email address is very important however the actual one you shared here is just on letter head without any contact info just address.
Hey, This video is really informative. Please could you share the format of bank letter if the funds are procured through gift deed. Do we have to maintain six months balance if these funds are received through gift deed ?
I got confused at 1 point... You mentioned like get the statement that there is not debt/outstanding/loan open with this branch... So does that mean if we have Home Loan with some other bank or branch then we should mention that or not? I have one home loan so do I have to close that home loan first? Or I just need to mention that home loan along with POF
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...
Hi, thank you for this amazing video.
I have a doubt and it’s a very important one.
What if I have a housing loan? Will that loan amount affect my proof of fund?
House loan is fine.
@@Potatotalkies Thank you guys! do we have to submit any document to declare that you have outstanding loan along with other POFs documents?
Thanks for this fantastic video! I also have an ICICI account so even better. Do you know if it's fine in case my account type changes? For example, if I have a salary account at the time of getting the later, and it's later changed to a savings account, does it matter? Also, does it matter if I pay credit card bills after getting the later? (I guess this would be a common situation.) Also, do I need to maintain the balance after getting the letter? I mean, how would they know my balance has changed?
I have two doubts:
1. Can we give bank statement of joint account with parents??
2. Is it mandatory to have average balance greater than require in past six months ?
I keep following your channel. You do a great work on keeping up with the latest information from immigration perspective. And hence, I'm taking the time out to write this big review to ensure your viewers get precise information. Although this video is over a year ago, I suppose the contents are still valid. Nevertheless, I wanted to reconfirm about the valid proof of funds.
You mention that the average of last six months should be above the minimum set proof of funds. Although, that would be nice, I suppose the requirement is to have the current closing balance (not 6 months' average) as equal to or more than the applicable Proof Of Funds amount. And practically that makes a big difference in maintaining the account.
For example, someone might have the average of last 6 months meeting the criteria, however, the closing balance might be less. Do you think that would be fine to proceed with?
On the other hand, someone may not have been able to maintain the average of last 6 months above the minimum amount but has probably maintained the required balance for a couple of months only. Should this person be worried about the last 6 months' average?
I suppose you could investigate this a little more and correct the contents of the video if needed. And while you're at it, I think it would be good to let people know that sudden inflow of cash after getting ITA may need additional information about the source (if it's not Gift Deed). Like, if someone sells their car or jewellery and deposits that money into the account. What sort of documentation should be produced along with the bank statement?
Cheers! Keep up the good works.
Closing and average should be 6 months.
Thanks for the note. Very useful
Hi
Thank you guys .. you doing great work.
I have a query - If I show all my proof of funds as Total 2 FD in axis bank, additionally I have a home loan in HDFC bank.
so if the axis bank declares in their letter that there is no loan due in axis bank.
It's fine or I have to clear Home Loan before apply?
I have a doubt. If we create a new account for FD after receiving ITA, is it accepted or should we show funds in our regular active account?
Secondly, if we have any loans in the active account, is it accepted or should all loans be closed before submission of the bank statement?
Please guide me.
Sir, if its necessary Dat whole(100%) amount should not be from gift deed as gift deed should be upto just 60% of funds and the rest of amount should be shown in savings account..
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.
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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I have 2 questions
1. My PF account has enough money to take care of proof of fund. Whether PF alone is considered as proof of fund?
2. I have one home loan. Is it a problem ?
1. Yes it can be used.. though I diluted it into my account and then used it.
2. No, it should be fine as long as it doesn’t show on your bank letter
Hi guys, great work. I just wanted to know that this bank letter cannot be the bank statement? It has all the required things like date of opening account etc on their letterhead. Please do reply
Yes.. bank letter is different.
@@Potatotalkies thanks for your help.
Apki reply chahiye agr pesa ziyada ho to osi ko show Kar k visa Mel skta hai???
Hi
Can you please share the link to the official website where we can find about the gift deeds?
And also can we take gift deed from three people. ( is there any maximum or a minimum number of gift deeds?)
Hi! Thank you for this video. Could you please clarify the authorization letter written by spouse? Is this a legal document provided by the bank? Would really appreciate if you elaborate.
No.. its notorized
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
Should we want to submit Bank statement for Every transaction made for last six months?
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?
it's really informative and helpful video and quite satisfying all my queries. only one thing, I need to ask if i change my Bank (i like your expression _screw them, and it's TRUE, some banks are really pain the neck)
then how I will prove my new bank statement that this amount is 6 months old.
OR do I have to attach statement of accounts and cheque from my previous screwed up bank.
I am actually having trouble as I have fdš in post office and getting pissed off with them as they don't have letter head and donot want to write anything like no debts , cannot write indian money converted to canadian dollars , I mean the list is long.....
what do you suggest me the best.
anyway, your video on this subject is awesome.
Hello sir/mam..i find your videos helpful. I got ITA from Saskatchewan. I need your help for settlement plan. When I open living in Canada tool as the OASIS portal tells to use this tool for generation of settlement plan. But, I do not get the plan. Please make a video on this topic
A small post AOR question - I showed all the money in my wife's accout she being the secondary applicant with all the necessary formalities. But we forgot to submit the consent letter stating I (primary applicant) have complete acsess to the funds...will this cause problem ? If yes what can be done now?
Hello,
Great work. I have a question.
Can I show national savings certificate as the only proof of fund?
Source will be pension.
Only liquid funds can be shown
Kitna amount per month show chaiye hota hai show karne ke liye? Aur kia un sab ka average 13000 CAD banna chaiye? I have confusion. Q k agar itna chaiye to hume abhi se 13000 CAD se zgada rakhna hoga apne bank mein. Clear me.
I'm working in Banking for last 16 Year's. For Proof of Funds, i have followings options available.
1) I have funds in my Bank account which is more than 1 Year old.
2) Provident Funds and same is clearly mentioned and accumulated in each month salary slip.
3) In addition to this, i am also entitlement of gratuity as per Bank Policy, which is equal to last full basic multiple by number of years work, to be paid on end of the service or at the time of resignation.
so whenever, employee leave the organization, it will be paid like PF.
Now, My Question is that "Gratuity is included as Proof of Funds"?
Sure.. should be fine as long as its liquid.
Thank you for your reply.
Thank you for the video,
Does the FDs needed to be older than 6 months?
Yes ideally
If the funds in my bank savings account are less than 6 months old, will they still be sufficient to qualify as proof of funds.
(to clarify the amount is more than that required by ircc but has not been in my account for more than 3 months)
Additionally I don't think gift deed would be possible since my bank statement would clearly show that the money is from my salary and redemption of my mutual fund.
Please help!
Hi Potato talkies,
Well done!!You guys are doing great job. Your video are very helpful. Thank you so much guys.
I have one question for you. I have home loan in India for 30 years and no other liability or loan. Do I have clear home loan to qualify for PR, OR I can show proof of funds separately?
Nice video !! Very informative in deed, Requesting if possible to send POF document in pdf . Would be of great help. Thanks !!!!
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?
Thank you for your video sir
I have one query
If i have home loan, then while providing proof of fund do we need to include that in letter and how immigration officer treat this?
Please help us
Hi Simran
The gift deed amount is in the bank located in India,but we need to use this in Canada.
So my question is
1. How much fund can we carry in hand with us?
2. What is the best way to transfer this amount(gift deed) in Canadian bank .
And when?
PS do reply
1 Max 10K cash per family.
2 check our video on how to take money to canada.
Hey, guys, thanks for sharing the valuable information. I require a little help and would really appreciate it. Every month on receiving my salary I transfer my amount to FD's. Due to this, my average balance in the bank account gets affected. Could you please help me with the following points.
1. Is there a thresh hold that I need to maintain for my average bank balance?
2. Once I have generated the required amount in the FD's do I need to transfer them back to my bank account?
3. If all of my amount is present in FD's is there a need to show my average bank balance i.e bank letter you have mentioned in the video?
You can show your entire proof of funds as your FD and also, you have had the amount for 6 months. Just make sure that your FD's are liquid.
Hi , i have a question regarding fund section that i had maintained my funds from oct 26(from which half of amount had received from my fathers account) and now i have received my ITA .I want to confirm that should i need to attach any additional document like gift deed etc or not? pls rply...Thanks in advance🙂
Hello....lovely videos indeed ! Well am a single applicant and wanted to apply for Canada Express Entry ...now this point of settlement fund is something which is very concerning for me....like for a single applicant it's almost 7.35 lacs so does it need to be in my account for past three months from the date of SINP application submit ? Do they consider these documents like - LIC, SIP and Gift deed of House which is registered in my name ? The average of the bank accounts definitely won't be 7.35 lacs for past six months. I do not have any FD or Bonds . So , how can this be solved as in should I take a loan against my property and then do a fd for that or so ? Shall I book a slot if that sounds better to discuss in detail pls ?
Hey, for express entry, gift deed is fine.
For PNP, atleast 3 months is a must, and can be in the form of any liquid assets
@@Potatotalkies yeah gift deed I was talking about gift deed of property as a whole not like money received from sold out property. I do not have the option of FD or bond or parents etc doing gift kind of support so was just wondering if accumulating salary and then showing that would be fine or not. In that case I would need three months to accumulate it for a single applicant and then wait for another six months so a total months from now till I can apply so that both six months and three months bank statement can be fulfilled if asked - am I calculating these the right way ? Please advise.
Total of nine months wait for these funds point 😔 as rest all like ECA and IELTS is done 😔😔
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.?
Hi guys.. Thanku for such helpful videos... Just tell me one thing... What if me and my spouse have a joint account? Will the documents proof for the joint account considered to be valid?
You would need a signed affidavit from your spouse that you are free to use those funds
Hi,
Sir, can you tell me one thing...can I get a Gift Deed from My sister's Husband (Jiju) to my name?? Will it be counted valid?
Hello ji,
Just wanted to know if we are showing PF as proof of funds, then do we need any specific format, can you share some information on the same. Love to hear from you guys. You are amazing.
No specific format.. it will be quite standard.
@@Potatotalkies Thanks a lot ji
This video is very Informative..Thankyou Guys
01 doubt is that if we make a gift deed then do we need to show the bank statement or should the gift deed amount has to be in my account for 06 months?
Bank letter is mandatory.
Hi, we are in such a dilemma and do not understand what exactly do we have to show that i have access to my husband’s bank account? As in what documents are required? In our case i am PA and his bank does not accommodate joint accounts :/.
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 nice videos and very informative. I have one doubt
Can I show 40000 cad using gic as proof of fund??? If yes then is it enough for 2 year expenses????
And can I pay full 2 year tution fees in one shot????
i have a question ?
i am going to show my funds in a form of gift deed from my father. So in this case do i have to get the letter from my bank also along with the gift deed document ?
First of all thank you for providing so much information. I have a question. Since I am already in Canada and have got my funds transferred to my bank account already. So I can show proof of funds from my Canadian bank account is sufficient or do I have to show my statements for back home as well.
Canada is enough
@@Potatotalkies thank you for your help
Do we need to mention our bank account details or donor bank account details too
thanks for the video Sir and Madam, but if I have any personal loan in the bank , then I have to close that loan fisrt and then FD will work ?
Hello Team,
My question is : Do express entry have high chances if the amount in the proof of funds is higher than required ? I mean if I provide higher than required funds then will our chances become better? Not sure if my question is making sense though. Thanks.
Hi, you guys are doing a great job. I have submitted EE profile showing interest in alberta. My funds are still not in bank account yet and I have submitted application for 22000cad. Instead of gift deed what about the sale deed of property or gold. Kindly let me know in this concern. Best Regards.
Has to be liquid money. Keep it simple i would Say...
Thank you so much for sharing this informative video. For an international student, showing country ties is important to get visa. I have properties in home country and I will apply from UAE. I have so and so in my country, is this declaration enough or I have to translate all the property documents in English and any kind of attested form to submit? This things are really complicated. I appreciate your response.
Hi guys.. very informative video.. simply love ur videos..
Can u help me understand , if i can take money as a gift from my brother who stays in US. In that case what should be the format
Thank you for your video,
Its really helpful..
I have 1thing to clear is that the full prove of fund need to withdraw from account when I m travilling to canada. Means all money I need to carry in liquidity cash?(converting to CAD)
Please suggest
Pls watch our video on how to take money to canada.
Hi Thanks fir the video. I have one question may I know how to proceed with gift deed as I'm in canada and my father in india. I have less funds and my father is helping me now...
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 😍🤗