Understanding Proof of Funds for Express Entry


#1

It is said on the Canadian immigration website that we need to show “the average balance for the past six months”. Does this mean single average amount for that last six months altogether, such as Average balance for past six months = $ XX,XXX. Or it has to be breakdown of each months average balance, such as Average balance for January = $ XXXX, Feb = $ XXXX…etc.,

Please help


#2

single average amount for that last six months altogether


#3

Can a newly opened fixed deposit account for a term of one year would be considered?


#4

You need to show 6 months’ average balance. If you have a bank account with the required amount nothing else is needed.
FD typically has a penalty for early withdrawal/before maturity, and if it’s newly opened, will you have 6 months worth of statements?