I have a couple of questions about Proof of Funds. I would really appreciate your help
So me and my husband got an ITA yesterday and we are very excited! My husband is the primary applicant and I am the dependent.
According to the table, the minimum would be CAD 16000 in the bank. But he has an active car loan of $16000 left. So should we show $32000 or is 16k enough?
Also, the bank loan is from a different bank than the account for which we will show the money. Should we get a statement from both the banks?
Another thing is, the money is in my account and it is not a joint account. Should it be in his account or would a letter stating that I am his wife and we both have access to the account would work?
Kindly help as we don’t know anyone personally who has been through this process and it will be a huge help!