Q: For the 6-month bank statement requirement, does the applicant need to meet the minimum settlement funds every month for six months in a row, or only in the most recent month before submitting a PR application?

A:

• Where required to prove settlement funds, IRCC requires an applicant to prove that they have consistently held the minimum settlement funds for at least 6 months before applying.
• Ideally, they must meet or exceed the required threshold for the entire 6-month period, not just the final month.
• Any sudden large deposits within the last six months must be explained and supported with documentation showing that the funds belong to the applicant, are unencumbered (i.e. not a loan), and readily available.