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Comprehensive explanation on Proof of Funds - Canada Express Entry Application

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Ask Kubeir

Important note: Due to some technical fault, the audio and video are not in sync during some portions of the video. I need to record this again. Until that time, please continue to refer to the audio.
Apologies for this and regret any inconvenience in your viewing pleasure.

Questions Covered in this video:

What is Proof of Funds?
Why is POF needed by IRCC? Do you need to have funds for 6months?
Can you use LIC policy?
Can you use PF/EPF/Mutual Funds?
Do you have to show funds for a spouse, who is not accompanying?
When are the funds assessed?
What is Gift Deed?
Will my gift deed be taxed?
Who can give me a gift deed?
Can I show POF in a joint account?
Will I need to show POF at the time of landing in Canada?
What needs to be shown as POF at the time of landing in Canada? Can I take a loan to show as POF?
Can I take a gold loan for POF?
What happens if there is currency fluctuation and the equivalent funds drop in value?

We have covered all these questions and much more, in this very comprehensive video that covers the proof of funds requirement for Canada Express Entry

Other links:

http://askkubeir.com/proofoffundsc...

IRCC Link

https://www.canada.ca/en/immigration...

IRPR link:

https://lawslois.justice.gc.ca/eng/r...

#proofOfFunds #CanadaImmigration #CanadaPRapplication #ExpressEntry

posted by nyyankees22fv