Roberto1980

Ok so I distinctly remember reading a while ago that proof of funds can not be a loan, and that you would have to verify that any one off deposits in a bank account were indeed genuine and available.

Q- Since my wife has received inheritance money,is there any official requirements we should know about in which to prove where the money came from?
Do we require a letter or something from her father and/or solicitor to say it is inheritance and 'not a loan'?


Hope someone can clarify

Former Lancastrian

Id certainly provide CIC with proof that the money is from an inheritance to avoid any suspicion.

Roberto1980

Apologies if I didn't explain properly. I was meaning showing proof when we land and activate our PR visas in October..


When we showed proof of funds in our FSW application to CIC we showed the potential equity from our house sale. (x3 separate valuations)


So although we could potentially show again the house evaluations / equity to the border agency personnel, we are wondering if we can simply use a bank statement, (along with a letter / validation that the spontaneous deposit is inheritance)

Former Lancastrian

CBSA don't always ask for proof of funds as they are not overly concerned as the proof has already been provided to CIC to be issued with the COPR forms.
Don't be overly concerned with showing proof to the extent you had to with CIC.

Roberto1980

But what if they do? lol I'm not currently overly concerned. But I will be when /if I am asked.


Suppose we'll just take the valuations, as well as a bank statement just incase..


Cheers

Former Lancastrian

Have you sold your house yet or doing the landing but not establishing a residence because that makes a difference. If your funds are still tied up in the sale of a house and not establishing a residence then that's why CBSA don't become too concerned as those funds are still tied up and CBSA don't accept valuations.
If moving and actually establishing a residence then that's when CBSA may ask for proof of funds and that's where you produce bank statements or account balances. Im guessing quite a few who landed never had to show proof of funds or been asked for it when NOT establishing a residence.

Amtobi

If you have already established residence in Canada when activating PR would they still ask to see proof of funds?

magnumpi

I would think a copy of the death cirtificate and proof of probate would suffice

Former Lancastrian

Take a recent bank statement or other documentation showing funds just in case you are asked.

Roberto1980

No not sold our house yet. We are landing/activating PR but not establishing residence. So as you said I'm sure CBSA won't go into any depth of investigation at this point. When we do establish residence then we'll deal with it all then. Either by using the sale of our home, or savings.


Thanks for your advice

christmasoompa

Just wanted to add that you can't use equity in a house as proof of funds when you come to land - the funds must be 'liquid' at that point. So if you are asked for it, valuations won't count towards the total.

Technically, the proof of funds is the last thing that is checked when you land before you're issued with PR, whether you're establishing a residence or not, so you should have it if asked, but savings will be fine.

HTH, good luck.