Can my brother in law show his Mutual fund investments and other investments? He can get everything summarized by his CA, and attached statements as well, as proof of funds if that works? The money is there, its just they would withdraw cash to invest in private investment instruments.. so putting it back in bank just days before the application, would raise a red flag that where or why are funds only in now.. correct?
If the mutual funds are liquid then yes. would not withdraw if you don’t have to.
I dont think that counts as a strong tie. Both my parents got approved ,doesn't mean that they didn't demonstrate strong ties in India? Whole family is invited and you have taken oath to provide for them during the stay(in the form of notarized affidavit).Letter from their employer in india and letter from kids school,home owner ship documents and fair tax returns history is adequate in your case,ima sure.
Ok. Will sign off then as you have advised that OP’s sister-in-law, spouse, kids don’t need to show their own funds. OP follow @Mohan_76 advice. FYI - spouse staying behind and not coming to Canada shows reason to return home but I digress.
Sure ,that might be a good reason but not a decision maker. Showing financial ability documents in India doesn't hurt but i didn't go for those in my case.
Everywhere I've read, they say the Visa Officer will look for the applicant's financial ability, rather than the host. Ofcourse we're attaching ours, but to show theirs in India, this is being a tricky part. They have their salary money that they've withdrawn overtime and have enough to support their trip, but if we deposit it all today in the bank, we don't want it to seem a red flag that where did the money come from. In India, people invest more in private lending and investments, than banks / FD's / or such instruments because they don't get enough interest %.
Yes, i understand what you are saying. Show all documented investments as proof of financial ability. Depositing large amounts to take a bank letter is common in India and consulates in INDIA very well understand that people prefer private lending for higher gain. We did the same when i applied for my student visa and no questions were asked.
Nov 16th 2022... We received emails today about update on account. All 4 applicants rejected;
How long was visit? They should reapply showing that they can fund their own trip. Do not include your funds as they aren’t considered. You write a letter of invitation that they will stay with you but they will pay for all costs. Whose mother? Their mother is not a tie.
2-3 weeks of visit during kids summer holidays and both are working so they get limited time off and employment confirmation letters which were also attached in the application.
Reapply with their funds only, not your funds. Do they have enough for a 3 week visit with just their funds? is the $30k account only opened two months ago theirs if so, it should be showing more than 6 months at $30k. Mother is not a tie.
No, all their accounts have 6+ months of history.
So as I said, they reapply showing their own funds, no mention of yours. Or have the wife’s sister and kids apply without the husband and see if it is approved. If they have the funds for a 2-3 weeks visit then reapply.
It costs more to process applications than Canada charges so not a moneymaker at all. They need to show liquid funds. They should show their investments as well and shouldn’t liquidate investments to apply but proof of liquid funds is what is the most important. It is important because there have been cases where families or friends fought or faced their own financial emergency and then refused to have visitors remain in their home and refused/couldn’t to pay for their plane ticket home or cancelled the return ticket. People were left in Canada seeking help to be able to get a hotel and help paying for a flight home. Canada wants to make sure this doesn’t happen.
