Proof of Funds 💵 for Canada PR 🇨🇦 || BANK Letter FORMAT || How to show Funds for EE & OINP

This video gives details about Proof of Funds required for Canada Immigration Express Entry programme and for Ontario PNP.

Topics Covered:
1. How much money is required.
2. What's accepted and what's not accepted.
3. Sample letters for FD and Savings account (the same letters we submitted).
4. What if you don't have the money. Gift Deed.
5. Important tips from our experience.

Important links related to video :

Official link to amount of funds needed :-

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DISCLAIMER: We are NOT an immigration consultants. We are not a lawyer and we don't give legal advise. We are not affiliated with any government or private organisation. The information we provided in this video is completely our personal opinion and should only be used as reference to understand general concepts of a particular application. You should NOT use this information for making decisions on your immigration application. We take no responsibility for any actions you may take on your application based on the information shared on this video or this channel.

[theMountainFam]

If you have any questions, please do write in the comments and we will respond :)
Also, you can get in touch with us on instagram @_theMountainFam ( instagram.com/_theMountainFam )

[ayesha]

hi, it is not mentioned on ontario website to get letter from financial institution/bank mentioning average balance for last 3 months.



It is as per below:

To show that you have available funds to meet or exceed the minimum necessary settlement fund requirement:

Scan and upload copies of your most recent bank statements showing the last three months of activity. The bank statements must state:
-name of the financial institution
-account number
-balance in the account
-indicate you as the account holder

-You also need to scan and upload a letter from the financial institution. The letter should confirm that the funds are available and the investments can be liquidated or redeemed on instructions and at what value.

[taneja_unchained]

It is mentioned nowhere right that the stamp of bank should be there?

[NandhiniRamakrishnan-ow]

Hi @theMountainFam - In Canada, How can we show Provident Funds as POF?

[lauradookran]

Hi Mountain fam. Your viewers are also non Hindi speakers. It would be great if you guys can speak in English. It’s for Canada immigration and English is the major language spoken there so please please please accommodate us ❤

[amdalatarike]

Can you explain how to use mutual funds accounts

[cheniceobinda]

I have a gift deed from my Dad, you explained this in your language, please can you explain if this is accepted for the human capital priorities stream

[humairahmujawar]

thank you very much for the detailed explanation!

[navrosekaur]

My father has transferred 2 lakhs in the month of April and 3.8 lakhs in the month of August. As I'm in the process of submitting my documents for my express entry and will be submitting all the required documents by mid September. I have a few queries. I have to make a gift deed for money transferred in the month of August. But do I need to make one for the month of April as well?
1. If yes, do I need to make two separate gift deeds or can write both the amount on one gift deed?
2. Will these two gift deeds have any negative impact on my profile?
3. If no, will it create any problem if that amount is shown in my last 6 months bank statement?

[shaheryarhabib]

I HAVE MONEY IN CURRENT ACCOUTNT INSTEAD OF SAVING ACCOUNT IS IT OK??

[nehathadani]

Hi what if the bank is not able to provide the 6 monthly average balance? What to do then?

[arunkrishna]

Hi, one small doubt. I received OINP NoI for my profile which has my spouse as a dependant. Should I get the work reference letter for my spouse too ? The OINP website doesn't say it is required unless my wife worked in Canada. Please clarify, thank you

[gagandamir]

Hi, If i show the whole POF amount through FDs. Is there any minimum amount that should be shown in average balance of 6 months for EE?

[abdullahmanzoor]

Does gift deed work in OINP too ?? thank you

[anmolmalik]

Is it compulsory to attach bank statement? Or just bank letter as you shown 1st is enough??

[AbdulSamad]

Where to add unclaimed points work experience? Either in work history or other activities plz answer

[JoeCattle-md]

Multiple FD's Main account se linked naa ho to chalega? FD's Applicant ke naam ki hy ho but main account se link naa ho in that case is it allow by MPNP?

[peushkumarsingh]

Hi guys. Thanks for the video. My wife is the primary applicant and I am the secondary applicant. However, all funds are in my account where my wife is NOT a joint account holder. What do you guys suggest in this case: Should I start a process of adding her as a Joint Account holder or a letter from me (as stated at the end of this video) would do the needful? Kindly advise. Thanks in advance.

[salonigulati]

Do we require to show bank statement in case of FD?